Financed Lease Receivables

12 Months Ended

Dec. 31, 2012

Financed Lease Receivables [Abstract]

FINANCED LEASE RECEIVABLES

NOTE 2. FINANCED LEASE RECEIVABLES

The Company has entered into sales type leases to finance certain equipment sales to customers. The lease agreements have a bargain purchase option at the end of the lease term. The minimum lease payments receivable and the net investment included in accounts receivable for such leases are as follows:

(in thousands)	December 31,
	2012			2011
Gross minimum lease payments receivable	$	2,326		$	2,612
Less—unearned interest		(201	)		(226	)
Net investment in sales type lease receivables	$	2,125		$	2,386

As of December 31, 2012, the future minimum lease payments under non-cancelable sales-type leases to be received in 2013 and thereafter are as follows:

(in thousands)
Year Ended December 31,
2013	$	1,905
2014		416
2015		5
2017		—
Total minimum future lease payments		$2,326