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Credit Losses on Financial Assets and Other Instruments (Tables) | 6 Months Ended
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Jun. 30, 2024
Credit Loss [Abstract] |
Schedule of allowance for credit loss | The table below sets forth the activity for our allowance for credit losses for the six months ended June 30, 2024 and 2023 (in thousands):
| Investing Receivables |  | Tenant Notes Receivable (1) |  | Other Assets (2) |  |  |  |  |  | Total
December 31, 2023 | $ | 2,377 |  |  | $ | 666 |  |  | $ | 153 |  |  |  |  |  |  | $ | 3,196 |
Credit loss expense (3) | 369 |  |  | 76 |  |  | 13 |  |  |  |  |  |  | 458 |
June 30, 2024 | $ | 2,746 |  |  | $ | 742 |  |  | $ | 166 |  |  |  |  |  |  | $ | 3,654 |
December 31, 2022 | $ | 2,794 |  |  | $ | 778 |  |  | $ | 268 |  |  |  |  |  |  | $ | 3,840 |
Credit loss expense (recoveries) (3) | 456 |  |  | (44) |  |  | (107) |  |  |  |  |  |  | 305 |
Write-offs | — |  |  | (33) |  |  | — |  |  |  |  |  |  | (33) |
June 30, 2023 | $ | 3,250 |  |  | $ | 701 |  |  | $ | 161 |  |  |  |  |  |  | $ | 4,112 |
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets. (2)The balance as of June 30, 2024 and December 31, 2023 included $123,000 and $87,000, respectively, in the line entitled “accounts receivable, net” and $43,000 and $66,000, respectively, in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets. (3)Included in the line entitled “interest and other income, net” on our consolidated statements of operations.
Schedule of credit risk classification | The following table presents the amortized cost basis of our investing receivables, tenant notes receivable and sales-type lease receivables by credit risk classification, by origination year as of June 30, 2024 (in thousands):
| Origination Year |  |
| 2019 and Earlier |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Total
Investing receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Credit risk classification: |  |  |  |  |  |  |  |  |  |  |  |  |
Investment grade | $ | 67,581 |  |  | $ | 2,592 |  |  | $ | 9,522 |  |  | $ | — |  |  | $ | 273 |  |  | $ | — |  |  | $ | 79,968 |
Non-investment grade | — |  |  | — |  |  | — |  |  | 6,865 |  |  | — |  |  | — |  |  | 6,865 |
Total | $ | 67,581 |  |  | $ | 2,592 |  |  | $ | 9,522 |  |  | $ | 6,865 |  |  | $ | 273 |  |  | $ | — |  |  | $ | 86,833 |
Tenant notes receivable: |  |  |  |  |  |  |  |  |  |  |  |  |
Credit risk classification: |  |  |  |  |  |  |  |  |  |  |  |  |
Investment grade | $ | 615 |  |  | $ | 73 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 688 |
Non-investment grade | 130 |  |  | 1,370 |  |  | — |  |  | — |  |  | — |  |  | 467 |  |  | 1,967 |
Total | $ | 745 |  |  | $ | 1,443 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 467 |  |  | $ | 2,655 |
Sales-type lease receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Credit risk classification: |  |  |  |  |  |  |  |  |  |  |  |  |
Investment grade | $ | — |  |  | $ | 4,798 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 965 |  |  | $ | 5,763 |

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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://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
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