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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Property, Plant and Equipment | Depreciation is computed on a straight-line basis based on the estimated useful lives of the associated real estate assets.
|  | Useful Lives (in years)
Land and Building Improvements |  | 10-30
Manufactured Homes |  | 10-25
Furniture, Fixture and Equipment |  | 5
In-place leases |  | Expected term
Above and below-market leases |  | Applicable lease term
Schedule of Accounts, Notes, Loans and Financing Receivable | The allowance reflects our best estimate of collectibility risks on outstanding receivables. Our allowance for doubtful accounts was as follows:
|  | December 31,
(amounts in thousands): |  | 2021 |  | 2020 |  | 2019
Balance, beginning of year |  | $ | 14,460 |  |  | $ | 6,586 |  |  | $ | 5,230 |
Change in accounting principle (ASU 2016-13, Financial Instruments - Credit Losses (Topic 326)) (1) |  | — |  |  | 3,875 |  |  | — |
Provision for losses |  | 8,669 |  |  | 7,287 |  |  | 3,929 |
Write-offs |  | (2,080) |  |  | (3,288) |  |  | (2,573) |
Balance, end of year |  | $ | 21,049 |  |  | $ | 14,460 |  |  | $ | 6,586 |
(1) See Note 2. (o) Summary of Significant Accounting Policies for more detail.
Tax Treatment Of Dividends And Distributions Table | During the years ended December 31, 2021, 2020 and 2019, our tax treatment of common stock distributions, as adjusted for the stock split, was as follows (unaudited):
| 2021 |  | 2020 |  | 2019
Tax status of common stock distributions deemed paid during the year: |  |  |  |  |
Ordinary income | $ | 1.538 |  |  | $ | 1.234 |  |  | $ | 1.241 |
Long-term capital gains | — |  |  | 0.006 |  |  | — |
Non-dividend distributions | — |  |  | 0.057 |  |  | — |
Distributions declared per common stock outstanding | $ | 1.538 |  |  | $ | 1.297 |  |  | $ | 1.241 |
Accounting Standards Update and Change in Accounting Principle | The cumulative-effect adjustment resulting from the adoption of ASU 2016-13 as of January 1, 2020, was as follows:
Balance net of allowance | Balance Sheet Location |  | Balance at December 31, 2019 |  | Adjustment due to ASU 2016-13 Adoption |  | Balance at January 1, 2020 |  | Balance at December 31, 2021
(amounts in thousands) |  |  |  |  |  |  |  |  |
Annual membership subscriptions | Other assets, net |  | $ | 2,394 |  |  | $ | (1,361) |  |  | $ | 1,033 |  |  | $ | 2,054 |
Membership upgrades | Notes receivable, net |  | $ | 25,236 |  |  | $ | (2,514) |  |  | $ | 22,722 |  |  | $ | 30,949 |

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- Definition This table represents the tax treatments of dividends paid to shareholders. Ordinary dividends are taxed as ordinary income while qualified dividends are taxed as capital gains. This table also includes the nontaxable portions (deferred until share sold) and long-term capital gains. + References No definition available. + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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