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LEASES (Tables) | 3 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Schedule of Lease Income - Operating | The components of revenue from leases were as follows:
|  | Three months ended March 31,
|  | 2022 |  | 2021
|  | (In thousands)
Operating leases |  |  |  |
Lease income related to ChoiceLease |  | $ | 381,545 |  |  | $ | 389,611 |
Lease income related to commercial rental (1) |  | 298,135 |  |  | 210,284 |
Sales-type leases |  |  |  |
Interest income related to net investment in leases |  | $ | 10,728 |  |  | $ | 14,415 |
Variable lease income excluding commercial rental (1) |  | $ | 74,220 |  |  | $ | 71,993 |
———————————— (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.
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:
| March 31, 2022 |  | December 31, 2021 |  |
| (In thousands)
Net investment in the lease — lease payment receivable | $ | 576,109 |  |  | $ | 583,008 |  |  |
Net investment in the lease — unguaranteed residual value in assets | 45,855 |  |  | 46,740 |  |  |
| $ | 621,964 |  |  | 629,748 |  |  |
Estimated loss allowance | (2,506) |  |  | (3,705) |  |  |
Total | $ | 619,458 |  |  | $ | 626,043 |  |  |

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