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Net Investment in Sales-Type Leases

3 Months Ended

Mar. 31, 2018

Leases [Abstract]

Net Investment in Sales-Type Leases

Net Investment in Sales-Type Leases

On a recurring basis, we enter into sales-type lease transactions with the majority varying 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 March 31, 2018 and December 31, 2017:  

	March 31, 2018				December 31, 2017
	(In thousands)
Net minimum lease payments to be received	$	26,789			$	25,899
Less: Unearned interest income portion	(2,056		)		(1,695		)
Net investment in sales-type leases	24,733				24,204
Less: Short-term portion(1)	(8,289		)		(8,769		)
Long-term net investment in sales-type leases	$	16,444			$	15,435

⁽¹⁾ The short-term portion of the net investments in sales-type leases is included in other current assets in the Condensed Consolidated Balance Sheets.

The Company evaluates its sales-type leases individually and collectively for impairment. The allowance for credit losses were $0.2 million as of March 31, 2018 and December 31, 2017.

At March 31, 2018, the future minimum lease payments under sales-type leases were as follows:

	March 31, 2018
	(In thousands)
Remaining nine months of 2018	$	5,293
2019	7,872
2020	1,938
2021	5,203
2022	3,386
Thereafter	3,097
Total	$	26,789

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- Definition

The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25496975&loc=d3e45377-112738

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6452767&loc=d3e37045-112695

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 55
-Paragraph 47
-URI http://asc.fasb.org/extlink&oid=6584217&loc=d3e38847-112698

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- References

No definition available.

+ Details

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