Stratasys Ltd. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Net Investment in Sales-type Leases

Net Investment in Sales-type Leases

12 Months Ended

Dec. 31, 2012

Capital Leases in Financial Statements of Lessor Disclosure [Text Block]

Note 6. Net Investment in Sales-type Leases

Certain sales made under lease arrangements are recorded as sales-type leases and may include systems, other products and maintenance contracts. The portion of lease arrangements related to maintenance contracts is deferred and recognized ratably over the coverage period.

The Company’s net investment in sales-type leases consisted of the following as of December 31, 2012 and 2011:

in thousands	2012			2011
Future minimum lease payments receivable	$	14,169		$	9,678
Less allowance for doubtful accounts		(301	)		(230	)
Net future minimum lease payment receivable		13,868			9,448
Less unearned interest income		(862	)		(658	)
Net investment in sales-type leases	$	13,006		$	8,790

Future minimum lease payments due from customers under sales-type leases as of December 31, 2012 were as follows (in thousands):

Year ending December 31,
2013	$	5,857
2014		4,047
2015		2,443
2016		1,375
2017		440
Thereafter		7
	$	14,169

The interest income for sales-type leases amounted to approximately $378,000, $260,000, and $277,000, for the years ended December 31, 2012, 2011 and 2010, respectively.

- Definition

The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.

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