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Receivables and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

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:

(in thousands)			March 31, 2025						December 31, 2024
Senior			$	96,520					$	94,963
Subordinated			15,293						15,433
Unsecured			4,014						5,118
Total notes receivable			$	115,827					$	115,514
Less: allowance for credit losses			7,381						7,331
Total notes receivable, net of allowance for credit losses			$	108,446					$	108,183
Current portion, net of allowance for credit losses			$	75,614					$	75,501
Long-term portion, net of allowance for credit losses			$	32,832					$	32,682

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)			2025						2024						2023						2022						2021						Prior						Total
Senior			$	1,627					$	38,554					$	—					$	—					$	—					$	56,339					$	96,520
Subordinated			—						—						3,500						—						—						11,793						15,293
Unsecured			—						116						—						28						746						3,124						4,014
Total notes receivable			$	1,627					$	38,670					$	3,500					$	28					$	746					$	71,256					$	115,827

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)			March 31, 2025						December 31, 2024
Beginning balance			$	7,331					$	8,616
Provision (reversal) for credit losses			50						(609)
Recoveries			—						(676)
Ending balance			$	7,381					$	7,331

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 March 31, 2025
Senior			$	27,700					$	—					$	15,200					$	42,900					$	53,620					$	96,520
Subordinated			—						—						2,264						2,264						13,029						15,293
Unsecured			—						—						384						384						3,630						4,014
			$	27,700					$	—					$	17,848					$	45,548					$	70,279					$	115,827
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

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Tabular disclosure of allowance for credit loss on financing receivable.

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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.

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Tabular disclosure of aging analysis for financing receivable.

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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.

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