Financed Lease Receivables

12 Months Ended

Dec. 31, 2014

Leases [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,
	2014			2013
Gross minimum lease payments receivable	$	3,489		$	5,462
Less—unearned interest		(188	)		(314	)
Net investment in sales type lease receivables	$	3,301		$	5,148

As of December 31, 2014, the future minimum lease payments under non-cancelable sales-type leases to be received in 2015 and thereafter are as follows:

(in thousands)
Year Ended December 31,
2015	$	2,828
2016		568
2017		93
2018		—
Total minimum future lease payments	$	3,489