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Net Investment in Sales-Type Leases
12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
Net Investment in Sales-Type Leases
Net Investment in Sales-Type Leases
On a recurring basis, the Company enters into sales-type lease transactions which vary in length from one to five years. The receivables as a result of these types of transactions are collateralized by the underlying equipment leased and consist of the following components at December 31, 2017 and December 31, 2016:
 
December 31,
 
2017
 
2016
 
(In thousands)
Net minimum lease payments to be received
$
25,899

 
$
33,591

Less: unearned interest income portion
(1,695
)
 
(2,763
)
Net investment in sales-type leases
24,204

 
30,828

Less: short-term portion(1)
(8,769
)
 
(10,243
)
Long-term net investment in sales-type leases
$
15,435

 
$
20,585

(1) The short-term portion of the net investments in sales-type leases is included in the other current assets on the Consolidated Balance Sheets.
The Company evaluates its sales-type leases individually and collectively for impairment. The allowance for credit losses were $0.2 million and $0.3 million as of December 31, 2017 and December 31, 2016, respectively.
At December 31, 2017, the future minimum lease payments to be received under sales-type leases are as follows:
Year ended December 31,
(In thousands)
2018
$
8,769

2019
6,708

2020
4,772

2021
2,992

2022
2,265

Thereafter
393

Total
$
25,899