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Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2020
Credit Loss [Abstract] |
Net Investment in Lease, Allowance for Credit Loss | The following tables detail the allowance for credit losses included as a component in our investments in leases - direct financing and sales-type, Investments in leases - financing receivables and investments in loans as of June 30, 2020 and January 1, 2020, the date of adoption:
| June 30, 2020 |  |  |  |  |  |
(In thousands, except for %) | Amortized Cost |  | Allowance |  | Net Investment |  | Allowance as a % of Amortized Cost
Investments in leases - direct financing and sales-type | $ | 10,727,992 |  |  | $ | (355,336) |  |  | $ | 10,372,656 |  |  | 3.31 | %
Investments in leases - financing receivables | 850,253 |  |  | (37,617) |  |  | 812,636 |  |  | 4.42 | %
Investments in loans | 50,313 |  |  | (437) |  |  | 49,876 |  |  | 0.87 | %
Totals | $ | 11,628,558 |  |  | $ | (393,390) |  |  | $ | 11,235,168 |  |  | 3.38 | %
| January 1, 2020 |  |  |  |  |  |
(In thousands, except for %) | Amortized Cost |  | Allowance |  | Net Investment |  | Allowance as a % of Amortized Cost
Investments in leases - direct financing and sales-type | $ | 10,734,245 |  |  | $ | (309,362) |  |  | $ | 10,424,883 |  |  | 2.88 | %
Investments in leases - financing receivables | — |  |  | — |  |  | — |  |  | — | %
Investments in loans | — |  |  | — |  |  | — |  |  | — | %
Totals | $ | 10,734,245 |  |  | $ | (309,362) |  |  | $ | 10,424,883 |  |  | 2.88 | %
The following chart reflects the roll-forward of the allowance for credit losses on our real estate portfolio for the six months ended June 30, 2020:
(In thousands) |  | Six Months Ended June 30, 2020
Beginning Balance December 31, 2019 |  | $ | — |
Initial allowance upon adoption |  | 309,362 |
Initial allowance from current period acquisitions |  | 22,158 |
Current period change in credit allowance |  | 61,870 |
Write-offs |  | — |
Recoveries |  | — |
Ending Balance June 30, 2020 |  | $ | 393,390 |
Financing Receivable Credit Quality Indicators | The following tables detail the amortized cost basis of our investments by the credit quality indicator we assigned to each lease or loan guarantor as of June 30, 2020 and January 1, 2020, the date of adoption:
| June 30, 2020 |  |  |  |  |  |  |  |  |  |
(In thousands) | Ba2 |  | Ba3 |  | B1 |  | B2 |  | B3 |  | Total
Investments in leases - direct financing, sales-type and financing receivable and investments in loans | $ | — |  |  | $ | 561,116 |  |  | $ | 9,886,007 |  |  | $ | 900,566 |  |  | $ | 280,869 |  |  | $ | 11,628,558 |
| January 1, 2020 |  |  |  |  |  |  |  |  |  |
(In thousands) | Ba2 |  | Ba3 |  | B1 |  | B2 |  | B3 |  | Total
Investments in leases - direct financing, sales-type and financing receivable and investments in loans | $ | 1,527,776 |  |  | $ | — |  |  | $ | 8,926,229 |  |  | $ | 280,240 |  |  | $ | — |  |  | $ | 10,734,245 |

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- References No definition available. + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of allowance for credit loss on net investment in sales-type and direct financing leases. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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