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Lessor Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Sales-type Lease Income | 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, 2019 and December 31, 2018:
| March 31, 2019 |  | December 31, 2018
| (In thousands)
Net minimum lease payments to be received | $ | 30,806 |  |  | $ | 28,295 |
Less: Unearned interest income portion | (2,348 | ) |  | (2,477 | )
Net investment in sales-type leases | 28,458 |  |  | 25,818 |
Less: Current portion (1) | (8,989 | ) |  | (8,736 | )
Long-term net investment in sales-type leases | $ | 19,469 |  |  | $ | 17,082 |
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(1) | The current portion of the net investment in sales-type leases is included in other current assets in the Condensed Consolidated Balance Sheets.
The following table presents the Company’s income recognized from sales-type leases for the three months ended March 31, 2019 and 2018:
| Three months ended March 31,
| 2019 |  | 2018
| (In thousands)
Sales-type lease revenues | $ | 11,507 |  |  | $ | 9,857 |
Interest income on sales-type lease receivables | $ | 409 |  |  | $ | 267 |
Minimum Future Payments from Non-Cancelable Sales-Type Leases | The maturity schedule of future minimum lease payments under sales-type leases retained in-house and the reconciliation to the net investment in sales-type leases reported on the Condensed Consolidated Balance Sheets was as follows:
| March 31, 2019
| (In thousands)
Remaining nine months of 2019 | $ | 8,215 |
2020 | 8,016 |
2021 | 5,777 |
2022 | 5,081 |
2023 | 3,097 |
Thereafter | 620 |
Total future minimum sales-type lease payments | $ | 30,806 |
Present value adjustment | (2,348 | )
Total net investment in sales-type leases | $ | 28,458 |
Operating Lease Income | The following table represents the Company’s income recognized from operating leases for the three months ended March 31, 2019 and 2018:
| Three months ended March 31,
| 2019 |  | 2018
| (In thousands)
Rental income | $ | 3,287 |  |  | $ | 2,790 |
Payments to be Received | The maturity schedule of future minimum lease payments under operating leases was as follows:
| March 31, 2019
| (In thousands)
Remaining nine months of 2019 | 9,124 |
2020 | 9,349 |
2021 | 7,244 |
2022 | 5,205 |
2023 | 3,026 |
Thereafter | 1,248 |
Total future minimum operating lease payments | $ | 35,196 |

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919396-209981 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919391-209981 + Details
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