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Lessor Leases (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2021 and 2020:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
(In thousands)
Sales-type lease revenues$3,892 $6,033 $14,503 $19,037 
Cost of sales-type lease revenues(1,699)(2,486)(5,678)(7,710)
Selling profit on sales-type lease revenues$2,193 $3,547 $8,825 $11,327 
Interest income on sales-type lease receivables$453 $450 $1,389 $1,437 
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 September 30, 2021 and December 31, 2020:
September 30,
2021
December 31,
2020
(In thousands)
Net minimum lease payments to be received$32,109 $35,331 
Less: Unearned interest income portion(2,393)(2,929)
Net investment in sales-type leases29,716 32,402 
Less: Current portion (1)
(10,529)(10,246)
Long-term investment in sales-type leases, net$19,187 $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:
September 30,
2021
(In thousands)
Remaining three months of 2021$2,876 
202211,012 
20238,123 
20245,347 
20253,409 
Thereafter1,342 
Total future minimum sales-type lease payments32,109 
Present value adjustment(2,393)
Total net investment in sales-type leases$29,716 
Income Recognized from Operating Leases The following table represents the Company’s income recognized from operating leases for the three and nine months ended September 30, 2021 and 2020:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
(In thousands)
Rental income$2,474 $2,863 $8,278 $8,864