Net Investment in Sales-Type Leases

Our sales-type leases are for terms generally up to five years. Sales-type lease receivables are collateralized by the underlying equipment. The components of our net investment in sales-type leases are as follows (in thousands):



	June 30, 2014			December 31, 2013
Net minimum lease payments to be received	$	17,559		$	18,172
Less unearned interest income portion	(1,214		)	(1,455		)
Net investment in sales-type leases	16,345			16,717
Less current portion(1)	(5,473		)	(5,232		)
Non-current net investment in sales-type leases(2)	$	10,872		$	11,485

(1) A component of other current assets. This amount is net of an immaterial allowance for doubtful accounts as of June 30, 2014 and December 31, 2013.

(2) This amount is net of an immaterial allowance for doubtful accounts as of June 30, 2014 and December 31, 2013.

The minimum lease payments under sales-type leases as of June 30, 2014 were as follows (in thousands):



Remainder of 2014	$	3,137
2015	5,438
2016	4,102
2017	3,154
2018	1,576
Thereafter	152
Total	$	17,559

The following table summarizes the credit losses and recorded investment in sales-type leases, excluding unearned interest (in thousands):



	Allowance for Credit Losses		Recorded Investment in Sales-type Leases Gross		Recorded Investment in Sales-type Leases Net
Credit loss disclosure for June 30, 2014:
Accounts individually evaluated for impairment	$	—	$	—	$	—
Accounts collectively evaluated for impairment	157		16,502		16,345
Ending balances: June 30, 2014	$	157	$	16,502	$	16,345

Credit loss disclosure for December 31, 2013:
Accounts individually evaluated for impairment	$	—	$	—	$	—
Accounts collectively evaluated for impairment	167		16,884		16,717
Ending balances: December 31, 2013	$	167	16,884		$	16,717

The following table summarizes the activity for the allowance for credit losses for the investment in sales-type leases (in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Allowance for credit losses, beginning of period	$	169		$	190		$	167		$	607
Current period provision (reversal)	(12		)	6			(10		)	19
Direct write-downs charged against the allowance	—			—			—			(413		)
Recoveries of amounts previously charged off	—			(12		)	—			(29		)
Allowance for credit losses, end of period	$	157		$	184		$	157		$	184