XML 58 R41.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Receivables and Allowance for Credit Losses (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Accounts and Financing Receivable, after Allowance for Credit Loss [Abstract] |
Schedule of Notes Receivable | The following table summarizes the composition of the notes receivable balances by credit quality indicator and the allowance for credit losses:
| December 31,
(in thousands) | 2024 |  | 2023
Senior | $ | 94,963 |  |  | $ | 85,919 |
Subordinated | 15,433 |  |  | 17,004 |
Unsecured | 5,118 |  |  | 5,359 |
Total notes receivable | 115,514 |  |  | 108,282 |
Less: allowance for credit losses | 7,331 |  |  | 8,616 |
Total notes receivable, net of allowance for credit losses | $ | 108,183 |  |  | $ | 99,666 |
Current portion, net of allowance for credit losses | $ | 75,501 |  |  | $ | 20,766 |
Long-term portion, net of allowance for credit losses | $ | 32,682 |  |  | $ | 78,900 |
Schedule of Financing Receivable Credit Quality Indicators | The following table summarizes the amortized cost basis of the notes receivable by the year of origination and credit quality indicator:
(in thousands) | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total
Senior | $ | 38,205 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 56,758 |  |  | $ | 94,963 |
Subordinated | — |  |  | 3,499 |  |  | — |  |  | — |  |  | — |  |  | 11,934 |  |  | 15,433 |
Unsecured | 113 |  |  | — |  |  | 69 |  |  | 1,145 |  |  | 761 |  |  | 3,030 |  |  | 5,118 |
Total notes receivable | $ | 38,318 |  |  | $ | 3,499 |  |  | $ | 69 |  |  | $ | 1,145 |  |  | $ | 761 |  |  | $ | 71,722 |  |  | $ | 115,514 |
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:
| December 31,
(in thousands) | 2024 |  | 2023
Beginning balance | $ | 8,616 |  |  | $ | 10,172 |
(Reversal) provision for credit losses | (609) |  |  | 763 |
Recoveries | (676) |  |  | (2,319) |
Ending balance | $ | 7,331 |  |  | $ | 8,616 |
During the years ended December 31, 2024 and 2023, the recoveries were primarily associated with cash collections pursuant to a settlement agreement with a borrower.
Schedule of Past Due Balances Of Notes Receivable | The following table summarizes the past due balances by credit quality indicator of the notes receivable:
(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 December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Senior | $ | — |  |  | $ | — |  |  | $ | 15,200 |  |  | $ | 15,200 |  |  | $ | 79,763 |  |  | $ | 94,963 |
Subordinated | — |  |  | — |  |  | 2,264 |  |  | 2,264 |  |  | 13,169 |  |  | 15,433 |
Unsecured | — |  |  | — |  |  | 784 |  |  | 784 |  |  | 4,334 |  |  | 5,118 |
| $ | — |  |  | $ | — |  |  | $ | 18,248 |  |  | $ | 18,248 |  |  | $ | 97,266 |  |  | $ | 115,514 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Senior | $ | — |  |  | $ | — |  |  | $ | 15,200 |  |  | $ | 15,200 |  |  | $ | 70,719 |  |  | $ | 85,919 |
Subordinated | — |  |  | 2,936 |  |  | — |  |  | 2,936 |  |  | 14,068 |  |  | 17,004 |
Unsecured | — |  |  | — |  |  | 400 |  |  | 400 |  |  | 4,959 |  |  | 5,359 |
| $ | — |  |  | $ | 2,936 |  |  | $ | 15,600 |  |  | $ | 18,536 |  |  | $ | 89,746 |  |  | $ | 108,282 |

X
- References No definition available. + Details
Name: | us-gaap_AccountsAndNotesReceivableNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: 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 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration