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LEASES (Tables) | 9 Months Ended
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Sep. 30, 2021
Leases [Abstract] |
Schedule of Lease Income - Operating | The components of lease income were as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
|  | (In thousands)
Operating leases |  |  |  |  |  |  |  |
Lease income related to ChoiceLease |  | $ | 383,669 |  |  | $ | 387,867 |  |  | $ | 1,159,930 |  |  | $ | 1,173,094 |
Lease income related to commercial rental (1) |  | 287,612 |  |  | 208,489 |  |  | 752,994 |  |  | 565,404 |
Sales-type leases |  |  |  |  |  |  |  |
Interest income related to net investment in leases |  | $ | 10,925 |  |  | $ | 12,836 |  |  | $ | 36,380 |  |  | $ | 36,560 |
Variable lease income excluding commercial rental (1) |  | $ | 75,621 |  |  | $ | 73,740 |  |  | $ | 219,743 |  |  | $ | 198,129 |
———————————— (1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% to 25% of total commercial rental income based on management's internal estimates.
Schedule of Lease Income - Sales Type | The components of net investment in sales-type leases, which are included in "Receivables, net" and "Sales-type leases and other assets" in the Condensed Consolidated Balance Sheets, were as follows:
| September 30, 2021 |  | December 31, 2020 |  |
| (In thousands)
Net investment in the lease — lease payment receivable | $ | 579,556 |  |  | $ | 589,120 |  |  |
Net investment in the lease — unguaranteed residual value in assets | 45,887 |  |  | 44,704 |  |  |
| 625,443 |  |  | 633,824 |  |  |
Estimated loss allowance | (4,025) |  |  | (4,025) |  |  |
Total | $ | 621,418 |  |  | $ | 629,799 |  |  |

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