Financed Lease Receivables

12 Months Ended

Dec. 31, 2015

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,
	2015			2014
Gross minimum lease payments receivable	$	2,745		$	3,489
Less – unearned interest		(175	)		(188	)
Net investment in sales type lease receivables	$	2,570		$	3,301

As of December 31, 2015, the future minimum lease payments under non-cancelable sales-type leases to be received in 2016 and thereafter are as follows:

(in thousands)
Year Ended December 31,
2016	$	1,558
2017		1,173
2018		14
2019		—
Total minimum future lease payments	$	2,745