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Leases (Tables)
 9 Months Ended
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 SheetFinancial statement captionSeptember 30, 2022December 31, 2021
Right-of-use asset - operatingOther assets$3,101 $5,099 
Lease liability - operatingAccounts payable and other accrued expenses$3,518 $5,790 
Three Months Ended September 30,Nine Months Ended September 30,
Income StatementFinancial statement caption2022202120222021
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 
202370,281 
202472,803 
202562,215 
202639,022 
2027 and thereafter59,744 
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, 2022December 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.