XML 32 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2
Net Investment in Sales-type Leases
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Net Investment in Sales-type Leases Net Investment in Sales-type Leases
As of September 30, 2022, the Company had nine A320-200 aircraft on lease to an airline with terms that meet the criteria of being classified as a sales-type lease.

Net investment in sales-type leases was included in Other assets in the Company’s Consolidated Balance Sheets based on the present value of fixed payments under the contract and the residual value of the underlying asset, discounted at the rate implicit in the lease. The Company’s investment in sales-type leases consisted of the following (in thousands):

September 30, 2022
Future minimum lease payments to be received$217,300 
Estimated residual values of leased flight equipment82,520 
Less: Unearned income(43,263)
Net Investment in Sales-type Leases$256,557 

As of September 30, 2022, future minimum lease payments to be received on sales-type leases were as follows:
(in thousands)
Years ending December 31,
2022 (excluding the nine months ended September 30, 2022)
$5,125 
202322,140 
202422,140 
202522,140 
202622,140 
Thereafter123,615 
Total$217,300