NOTE 9.

OTHER NON-CURRENT ASSETS

Other non-current assets consist of the following (in thousands):

	June 30, 2017		March 31, 2017
Non-current lease receivables	$	8,452	$	7,476
Other assets		147		148
Total other non-current assets	$	8,599	$	7,624

Non-current lease receivables represent sales-type leases resulting from the sale of our products and are typically collateralized by a security interest in certain of the underlying assets. Starting in fiscal 2016, we entered into sales contracts as the lessor of instruments with end users for monthly payments of instrument and consumable purchases over a term of six years. The present value of total current and non-current lease receivables, including accrued interest, was $1.9 million and $8.5 million, as of June 30, 2017, respectively. Our current and non-current lease receivables are recorded within “Receivables” and “Other Assets,” respectively, on our condensed consolidated balance sheets. Interest income is recognized monthly over the lease term using the effective-interest method.

Future minimum lease payments to us on lease receivables as of June 30, 2017 are summarized as follows (in thousands):

Fiscal Year	Amount
2018 (remaining nine months)	$	1,450
2019		2,013
2020		1,997
2021		1,952
2022		1,947
Thereafter		1,038
Total		10,397
Less: Current portion		(1,945	)
Non-current lease receivable	$	8,452