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Lessor Leases (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2021 and 2020:
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Sales-type lease revenues$4,648 $6,612 $10,611 $13,004 
Cost of sales-type lease revenues(1,613)(2,655)(3,979)(5,224)
Selling profit on sales-type lease revenues$3,035 $3,957 $6,632 $7,780 
Interest income on sales-type lease receivables$439 $526 $936 $987 
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 June 30, 2021 and December 31, 2020:
June 30,
2021
December 31,
2020
(In thousands)
Net minimum lease payments to be received$32,458 $35,331 
Less: Unearned interest income portion(2,479)(2,929)
Net investment in sales-type leases29,979 32,402 
Less: Current portion (1)
(10,364)(10,246)
Long-term investment in sales-type leases, net$19,615 $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:
June 30,
2021
(In thousands)
Remaining six months of 2021$5,755 
202210,339 
20237,693 
20244,914 
20252,979 
Thereafter778 
Total future minimum sales-type lease payments32,458 
Present value adjustment(2,479)
Total net investment in sales-type leases$29,979 
Income Recognized from Operating Leases The following table represents the Company’s income recognized from operating leases for the three and six months ended June 30, 2021 and 2020:
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Rental income$3,193 $3,024 $5,804 $6,001