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Description of Business and Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounting Policies [Abstract] |
Schedule of Cumulative Effect of Initially Applying New Guidance | The cumulative effect of initially applying the new ASC 326 guidance to the consolidated financial statements on January 1, 2020 was as follows:
Consolidated Statement of Financial Position |  | December 31, 2019 |  | Cumulative Impact from Adopting ASC 326 Guidance |  | January 1, 2020
|  | (in thousands) |  |  |  |
Assets |  |  |  |  |  |
Short-term accounts and notes receivable, less allowance for doubtful accounts |  | $ | 340,930 |  |  | $ | (41,100) |  |  | $ | 299,830 |
Notes receivable – long–term portion, less allowance for doubtful accounts |  | $ | 46,992 |  |  | $ | (1,136) |  |  | $ | 45,856 |
Allowance for doubtful accounts on short-term accounts and notes receivables |  | $ | (45,726) |  |  | $ | (41,100) |  |  | $ | (86,826) |
Allowance for doubtful accounts on long-term notes receivables |  | $ | (6,667) |  |  | $ | (1,136) |  |  | $ | (7,803) |
Deferred income taxes |  | $ | 20,364 |  |  | $ | 10,137 |  |  | $ | 30,501 |
Stockholders’ equity |  |  |  |  |  |
Retained earnings |  | $ | 195,455 |  |  | $ | (32,099) |  |  | $ | 163,356 |
The following table provides a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the three and six months ended June 30, 2020:
|  | Allowance for doubtful accounts |  |  |  |  |  |
Portfolio Segment: |  | March 31 2020 |  | Write-Offs1 |  | Bad Debt Expense |  | June 30 2020
|  | (in thousands) |  |  |  |  |  |
Accounts Receivables |  | $ | 74,389 |  |  | $ | (9,987) |  |  | $ | 1,897 |  |  | $ | 66,299 |
Notes Receivables |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 11,654 |  |  | $ | (1,721) |  |  | $ | 1,936 |  |  | $ | 11,869 |
Elevated risk notes receivable |  | 6,237 |  |  | (447) |  |  | 28 |  |  | 5,818 |
|  | $ | 17,891 |  |  | $ | (2,168) |  |  | $ | 1,964 |  |  | $ | 17,687 |
Total accounts and notes receivable |  | $ | 92,280 |  |  | $ | (12,155) |  |  | $ | 3,861 |  |  | $ | 83,986 |
1.Write-offs are shown net of recoveries. During the three months ended June 30, 2020, the Company collected $0.8 million of accounts receivables that were recovered subsequent to being written-off.
|  | Allowance for doubtful accounts |  |  |  |  |  |  |  |
Portfolio Segment: |  | December 31, 2019 |  | Cumulative effect of ASC 326 adoption1 |  | Write-Offs2 |  | Bad Debt Expense |  | June 30, 2020
|  | (in thousands) |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 39,903 |  |  | $ | 36,709 |  |  | $ | (14,396) |  |  | $ | 4,083 |  |  | $ | 66,299 |
Notes receivable |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,667 |  |  | $ | 5,236 |  |  | $ | (1,721) |  |  | $ | 1,687 |  |  | $ | 11,869 |
Elevated risk notes receivable |  | 5,823 |  |  | 291 |  |  | (447) |  |  | 151 |  |  | 5,818 |
Total notes receivable |  | $ | 12,490 |  |  | $ | 5,527 |  |  | $ | (2,168) |  |  | $ | 1,838 |  |  | $ | 17,687 |
Total accounts and notes receivable |  | $ | 52,393 |  |  | $ | 42,236 |  |  | $ | (16,564) |  |  | $ | 5,921 |  |  | $ | 83,986 |
1.Represents the pre-tax one-time adjustment to the Company’s 2020 opening retained earnings balance in accordance with the adoption of the CECL accounting guidance. 2.Write-offs are shown net of recoveries. During the six months ended June 30, 2020, the Company collected $0.8 million of accounts receivables that were recovered subsequent to being written-off.

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