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v3.23.2

Receivables and Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2023
Accounts and Financing Receivable, after Allowance for Credit Loss [Abstract] |
Schedule of Notes Receivable | The composition of notes receivable balances by credit quality indicator and the allowance for credit losses is as follows:
(in thousands) | June 30, 2023 |  | December 31, 2022
Senior | $ | 86,417 |  |  | $ | 95,466 |
Subordinated | 20,028 |  |  | 17,075 |
Unsecured | 5,000 |  |  | 5,674 |
Total notes receivable | $ | 111,445 |  |  | $ | 118,215 |
Total allowance for notes receivable credit losses | 8,514 |  |  | 10,172 |
Total notes receivable, net of allowance | $ | 102,931 |  |  | $ | 108,043 |
Current portion, net of allowance | $ | 52,909 |  |  | $ | 52,466 |
Long-term portion, net of allowance | $ | 50,022 |  |  | $ | 55,577 |
Schedule of Financing Receivable Credit Quality Indicators | Amortized cost basis by year of origination and credit quality indicator are as follows:
(in thousands) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Total
Senior | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 28,849 |  |  | $ | 57,568 |  |  | $ | 86,417 |
Subordinated | 3,491 |  |  | — |  |  | 1,957 |  |  | — |  |  | — |  |  | 14,580 |  |  | 20,028 |
Unsecured | — |  |  | 254 |  |  | 1,290 |  |  | 938 |  |  | 208 |  |  | 2,310 |  |  | 5,000 |
Total notes receivable | $ | 3,491 |  |  | $ | 254 |  |  | $ | 3,247 |  |  | $ | 938 |  |  | $ | 29,057 |  |  | $ | 74,458 |  |  | $ | 111,445 |
Schedule of Financing Receivable, Allowance for Credit Loss | The following table summarizes the activity related to the Company’s notes receivable allowance for credit losses:
(in thousands) | June 30, 2023 |  | December 31, 2022
Beginning balance | $ | 10,172 |  |  | $ | 16,779 |
Provision for credit losses | 154 |  |  | (938) |
Recoveries | (1,812) |  |  | (5,669) |
Ending balance | $ | 8,514 |  |  | $ | 10,172 |
Schedule of Past Due Balances of Notes Receivable | The past due balances by credit quality indicator of notes receivable are as follows:
(in thousands) | 1- 30 days Past Due |  | 31-89 days Past Due |  | > 90 days Past Due |  | Total Past Due |  | Current |  | Total Notes Receivable
As of June 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Senior | $ | — |  |  | $ | 15,950 |  |  | $ | 28,099 |  |  | $ | 44,049 |  |  | $ | 42,368 |  |  | $ | 86,417 |
Subordinated | — |  |  | — |  |  | 396 |  |  | 396 |  |  | 19,632 |  |  | 20,028 |
Unsecured | — |  |  | — |  |  | 400 |  |  | 400 |  |  | 4,600 |  |  | 5,000 |
| $ | — |  |  | $ | 15,950 |  |  | $ | 28,895 |  |  | $ | 44,845 |  |  | $ | 66,600 |  |  | $ | 111,445 |
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Senior | $ | — |  |  | $ | 15,200 |  |  | $ | — |  |  | $ | 15,200 |  |  | $ | 80,266 |  |  | $ | 95,466 |
Subordinated | — |  |  | — |  |  | 2,209 |  |  | 2,209 |  |  | 14,866 |  |  | 17,075 |
Unsecured | 20 |  |  | 40 |  |  | 40 |  |  | 99 |  |  | 5,575 |  |  | 5,674 |
| $ | 20 |  |  | $ | 15,240 |  |  | $ | 2,249 |  |  | $ | 17,508 |  |  | $ | 100,707 |  |  | $ | 118,215 |

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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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + 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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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