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Lessor Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Income Recognized from Sales-Type Leases
The following table presents the Company’s income recognized from sales-type leases for the three months ended March 31, 2021 and 2020:
Three Months Ended March 31,
20212020
(In thousands)
Sales-type lease revenues$5,963 $6,392 
Cost of sales-type lease revenues(2,366)(2,569)
Selling profit on sales-type lease revenues$3,597 $3,823 
Interest income on sales-type lease receivables$497 $461 
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 March 31, 2021 and December 31, 2020:
March 31,
2021		December 31,
2020
(In thousands)
Net minimum lease payments to be received$34,256 $35,331 
Less: Unearned interest income portion(2,779)(2,929)
Net investment in sales-type leases31,477 32,402 
Less: Current portion (1)
(10,222)(10,246)
Long-term investment in sales-type leases, net$21,255 $22,156 
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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.
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 Condensed Consolidated Balance Sheets was as follows:
March 31,
2021
(In thousands)
Remaining nine months of 2021$8,485 
202210,002 
20237,629 
20244,826 
20252,907 
Thereafter407 
Total future minimum sales-type lease payments34,256 
Present value adjustment(2,779)
Total net investment in sales-type leases$31,477 
Income Recognized from Operating Leases The following table represents the Company’s income recognized from operating leases for the three months ended March 31, 2021 and 2020:
Three Months Ended March 31,
20212020
(In thousands)
Rental income$2,611 $2,977