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Receivables and Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 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) | June 30, 2025 |  | December 31, 2024
Senior | $ | 97,942 |  |  | $ | 94,963 |
Subordinated | 14,227 |  |  | 15,433 |
Unsecured | 3,926 |  |  | 5,118 |
Total notes receivable | $ | 116,095 |  |  | $ | 115,514 |
Less: allowance for credit losses | 7,204 |  |  | 7,331 |
Total notes receivable, net of allowance for credit losses | $ | 108,891 |  |  | $ | 108,183 |
Current portion, net of allowance for credit losses | $ | 74,677 |  |  | $ | 75,501 |
Long-term portion, net of allowance for credit losses | $ | 34,214 |  |  | $ | 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 | $ | 1,656 |  |  | $ | 40,192 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 56,094 |  |  | $ | 97,942 |
Subordinated | — |  |  | — |  |  | 3,501 |  |  | — |  |  | — |  |  | 10,726 |  |  | 14,227 |
Unsecured | — |  |  | 123 |  |  | — |  |  | — |  |  | 746 |  |  | 3,057 |  |  | 3,926 |
Total notes receivable | $ | 1,656 |  |  | $ | 40,315 |  |  | $ | 3,501 |  |  | $ | — |  |  | $ | 746 |  |  | $ | 69,877 |  |  | $ | 116,095 |
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, 2025 |  | December 31, 2024
Beginning balance | $ | 7,331 |  |  | $ | 8,616 |
Provision (reversal) for credit losses | (127) |  |  | (609) |
Recoveries | — |  |  | (676) |
Ending balance | $ | 7,204 |  |  | $ | 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 June 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Senior | $ | — |  |  | $ | — |  |  | $ | 42,900 |  |  | $ | 42,900 |  |  | $ | 55,042 |  |  | $ | 97,942 |
Subordinated | — |  |  | — |  |  | 2,264 |  |  | 2,264 |  |  | 11,963 |  |  | 14,227 |
Unsecured | — |  |  | — |  |  | 384 |  |  | 384 |  |  | 3,542 |  |  | 3,926 |
| $ | — |  |  | $ | — |  |  | $ | 45,548 |  |  | $ | 45,548 |  |  | $ | 70,547 |  |  | $ | 116,095 |
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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- 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 + 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 -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
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