Leases (Tables)

12 Months Ended

Dec. 31, 2017

Net investment in direct financing and sales-type leases

The net investment in direct financing and sales-type leases consisted of:



	December 31,
	2017			2016
	(In thousands)
Total minimum lease payments receivable	$	713,857		647,111
Less: Executory costs	(216,754		)	(196,469	)
Minimum lease payments receivable	497,103			450,642
Less: Allowance for uncollectibles	(327		)	(248	)
Net minimum lease payments receivable	496,776			450,394
Unguaranteed residuals	41,937			45,748
Less: Unearned income	(91,870		)	(86,668	)
Net investment in direct financing and sales-type leases	446,843			409,474
Current portion	(81,996		)	(76,322	)
Non-current portion	$	364,847		333,152

Credit risk profile by creditworthiness category of direct financing lease receivables

The following table presents the credit risk profile by creditworthiness category of our direct financing lease receivables at December 31, 2017 and 2016:



	December 31,
	2017		2016
	(In thousands)
Very low risk to low risk	$	201,434	192,853
Moderate	198,464		194,234
Moderately high to high risk	97,205		63,555
	$	497,103	450,642

Future minimum payments for leases

Future minimum payments for leases in effect at December 31, 2017 were as follows:



	As Lessor ⁽¹⁾			As Lessee
	Operating Leases		Direct Financing and Sales-Type Leases	Operating Leases
	(In thousands)
2018	$	1,139,552	110,692	84,824
2019	892,754		95,759	63,435
2020	649,096		99,470	41,034
2021	433,319		68,349	24,948
2022	258,381		54,603	18,495
Thereafter	210,213		68,230	38,288
Total	$	3,583,315	497,103	271,024

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(1)

Amounts do not include contingent rentals, which may be received under certain leases on the basis of miles or changes in the Consumer Price Index. Contingent rentals from operating leases included in revenue were $357 million in 2017 and $342 million in both 2016 and 2015. Contingent rentals from direct financing leases included in revenue were $15 million in 2017, $12 million in 2016 and $12 million in 2015 .