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Lessor Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Income Recognized from Sales-Type Leases | The following table presents the Company’s income recognized from sales-type leases for the years ended December 31, 2020, 2019, and 2018:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands)
Sales-type lease revenues | $ | 26,040 |  |  | $ | 37,175 |  |  | $ | 39,167 |
Cost of sales-type lease revenues | (10,624) |  |  | (14,985) |  |  | (16,185) |
Selling profit on sales-type lease revenues | $ | 15,416 |  |  | $ | 22,190 |  |  | $ | 22,982 |
Interest income on sales-type lease receivables | $ | 1,933 |  |  | $ | 1,756 |  |  | $ | 1,296 |
Components of Sales-Type Lease Receivables | 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, 2020 and 2019:
| December 31,
| 2020 |  | 2019
| (In thousands)
Net minimum lease payments to be received | $ | 35,331 |  |  | $ | 32,360 |
Less: Unearned interest income portion | (2,929) |  |  | (2,840) |
Net investment in sales-type leases | 32,402 |  |  | 29,520 |
Less: Current portion (1) | (10,246) |  |  | (9,770) |
Long-term investment in sales-type leases, net | $ | 22,156 |  |  | $ | 19,750 |
_________________________________________________ (1) The current portion of the net investment in sales-type leases is included in other current assets in the Consolidated Balance Sheets.
Maturity Schedule of Future Minimum Lease Payments under 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 Consolidated Balance Sheets was as follows:
| December 31, 2020
| (In thousands)
2021 | $ | 11,312 |
2022 | 9,499 |
2023 | 7,334 |
2024 | 4,535 |
2025 | 2,616 |
Thereafter | 35 |
Total future minimum sales-type lease payments | 35,331 |
Present value adjustment | (2,929) |
Total net investment in sales-type leases | $ | 32,402 |
Income Recognized from Operating Leases | The following table represents the Company’s income recognized from operating leases for the years ended December 31, 2020, 2019, and 2018:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands)
Rental income | $ | 11,668 |  |  | $ | 12,660 |  |  | $ | 12,207 |
Maturity Schedule of Future Minimum Lease Payments under Operating Leases | The maturity schedule of future minimum lease payments under operating leases was as follows:
| December 31, 2020
| (In thousands)
2021 | $ | 8,848 |
2022 | 4,816 |
2023 | 2,910 |
2024 | 852 |
2025 | 256 |
Thereafter | 89 |
Total future minimum operating lease payments | $ | 17,771 |

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