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Leases (Tables) | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Lessee, Balance Sheet and Income Statement Effect | The following table summarizes the impact of the Company's leases in its financial statements (in thousands):
Balance Sheet | Financial statement caption |  |  |  | September 30, 2022 |  | December 31, 2021
Right-of-use asset - operating | Other assets |  |  |  | $ | 3,101 |  |  | $ | 5,099 |
Lease liability - operating | Accounts payable and other accrued expenses |  |  |  | $ | 3,518 |  |  | $ | 5,790 |
|  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Income Statement | Financial statement caption |  | 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease cost(1) | Administrative expenses |  | $ | 797 |  |  | $ | 829 |  |  | $ | 2,444 |  |  | $ | 2,408 |
(1) Includes short-term leases that are immaterial.
Schedule of deferred revenue | These amounts will be amortized to revenue as follows (in thousands):
Year ending December 31, |
2022 | $ | 16,880 |
2023 | 70,281 |
2024 | 72,803 |
2025 | 62,215 |
2026 | 39,022 |
2027 and thereafter | 59,744 |
Total | $ | 320,945 |
Schedule of Components of Leveraged Lease Investments | The following table summarizes the components of the net investment in finance leases (in thousands):
| September 30, 2022 |  | December 31, 2021
Future minimum lease payment receivable(1) | $ | 2,259,896 |  |  | $ | 2,122,165 |
Estimated residual receivable(2) | 217,795 |  |  | 205,994 |
Gross finance lease receivables(3) | 2,477,691 |  |  | 2,328,159 |
Unearned income(4) | (773,049) |  |  | (769,869) |
Net investment in finance leases(5) | $ | 1,704,642 |  |  | $ | 1,558,290 |
(1) There were no executory costs included in gross finance lease receivables as of September 30, 2022 and December 31, 2021. (2) The Company's finance leases generally include a purchase option at nominal amounts that is reasonably certain to be exercised, and therefore, the Company has immaterial residual value risk for assets. (3) The gross finance lease receivable is reduced as billed to customers and reclassified to accounts receivable until paid by customers. (4) There were no unamortized initial direct costs as of September 30, 2022 and December 31, 2021. (5) One major customer represented 88% and 91% of the Company's finance lease portfolio as of September 30, 2022 and December 31, 2021, respectively. No other customer represented more than 10% of the Company's finance lease portfolio in each of those periods.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of the components of the investment in leveraged leases. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123392090&loc=d3e45424-112738 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123392319&loc=SL77920254-209983 + Details
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