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Lessor Leases (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2022, 2021, and 2020:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Sales-type lease revenues | $ | 38,959 |  |  | $ | 21,887 |  |  | $ | 26,040 |
Cost of sales-type lease revenues | (19,359) |  |  | (8,918) |  |  | (10,624) |
Selling profit on sales-type lease revenues | $ | 19,600 |  |  | $ | 12,969 |  |  | $ | 15,416 |
Interest income on sales-type lease receivables | $ | 2,106 |  |  | $ | 1,869 |  |  | $ | 1,933 |
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, 2022 and 2021:
| December 31,
| 2022 |  | 2021
| (In thousands)
Net minimum lease payments to be received | $ | 50,755 |  |  | $ | 31,444 |
Less: Unearned interest income portion | (6,345) |  |  | (2,388) |
Net investment in sales-type leases | 44,410 |  |  | 29,056 |
Less: Current portion (1) | (11,486) |  |  | (10,665) |
Long-term investment in sales-type leases, net | $ | 32,924 |  |  | $ | 18,391 |
_________________________________________________ (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, 2022
| (In thousands)
2023 | $ | 13,296 |
2024 | 10,343 |
2025 | 8,465 |
2026 | 6,684 |
2027 | 5,718 |
Thereafter | 6,249 |
Total future minimum sales-type lease payments | 50,755 |
Present value adjustment | (6,345) |
Total net investment in sales-type leases | $ | 44,410 |
Income Recognized from Operating Leases | The following table represents the Company’s income recognized from operating leases for the years ended December 31, 2022, 2021, and 2020:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Rental income | $ | 9,460 |  |  | $ | 10,467 |  |  | $ | 11,668 |
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, 2022
| (In thousands)
2023 | $ | 5,091 |
2024 | 866 |
2025 | 256 |
2026 | 89 |
2027 | — |
Thereafter | — |
Total future minimum operating lease payments | $ | 6,302 |

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