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Sales-Type Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Sales-Type Leases

Note 4: Sales-Type Leases

Revenue from rental agreements qualifying as sales-type leases was as follows:

									Year Ended December 31,
(in $000s)															2024						2023						2022
Equipment sales															$	9,849					$	58,064					$	41,525
Cost of equipment sales															9,425						55,716						37,582
Gross profit															$	424					$	2,348					$	3,943

As these transactions remained under rental contracts, $16.3 million, $28.9 million and $21.3 million for the years ended December 31, 2024, 2023 and 2022, respectively, were billed under the contracts as rentals. Interest income from financing receivables was $11.3 million, $16.1 million and $12.1 million for the years ended December 31, 2024, 2023 and 2022, respectively.

The Company’s financing receivables are related to sales-type leases and are collateralized by a security interest in the underlying equipment. As of December 31, 2024 and 2023 financing receivables, net were $8.9 million and $30.8 million, respectively.

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- References

No definition available.

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- Definition

The entire disclosure of lessor's sales-type leases.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-30/tableOfContent

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