Annual report pursuant to Section 13 and 15(d)

Net Investment in Sales Type Leases

v3.19.2
Net Investment in Sales Type Leases
12 Months Ended
Jun. 30, 2019
Sales-type Lease, Lease Income [Abstract]  
Net Investment in Sales Type Leases
8. Net Investment in
Sales Type Leases

The future minimum lease payments receivable for sales type leases are as follows (in thousands):

 

 

Fiscal years ending June 30,   Total Minimum
Lease Payments
to be Received
  Amortization of
Unearned
Income
  Net Investment in
Sales Type
Leases
             
2020   $ 1,383     $ 765     $ 618  
2021     889       530       359  
2022     600       320       280  
2023     354       163       191  
2024     140       57       83  
Thereafter     94       51       43  
                    $ 1,574 *

 

* Excludes residual values of $1.4 million  

The total net investments in sales type leases, including stated residual values, as of June 30, 2019 and 2018 was $3.0 million and $2.8 million, respectively. The current portion of $0.5 million and $0.4 million is included in Other Current Assets in the consolidated balance sheets as of June 30, 2019 and 2018, respectively, and the long term portion of $2.5 million and $2.4 million is included in Other Assets in the consolidated balance sheets as of June 30, 2019 and 2018, respectively.