XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.20.2

Description of Business and Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 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 nine months ended September 30, 2020:
|  | Allowance for doubtful accounts |  |  |  |  |  |
Portfolio Segment: |  | June 30 2020 |  | Write-Offs1 |  | Bad Debt Expense |  | September 30 2020
|  | (in thousands) |  |  |  |  |  |
Accounts Receivables |  | $ | 66,299 |  |  | $ | (2,475) |  |  | $ | 967 |  |  | $ | 64,791 |
Notes Receivables |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 11,869 |  |  | $ | (253) |  |  | $ | (132) |  |  | $ | 11,484 |
Elevated risk notes receivable |  | 5,818 |  |  | — |  |  | — |  |  | 5,818 |
|  | $ | 17,687 |  |  | $ | (253) |  |  | $ | (132) |  |  | $ | 17,302 |
Total accounts and notes receivable |  | $ | 83,986 |  |  | $ | (2,728) |  |  | $ | 835 |  |  | $ | 82,093 |
1.Write-offs are shown net of recoveries. During the three months ended September 30, 2020, the Company collected $0.1 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 |  | September 30, 2020
|  | (in thousands) |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 39,903 |  |  | $ | 36,709 |  |  | $ | (16,871) |  |  | $ | 5,050 |  |  | $ | 64,791 |
Notes receivable |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,667 |  |  | $ | 5,236 |  |  | $ | (1,974) |  |  | $ | 1,555 |  |  | $ | 11,484 |
Elevated risk notes receivable |  | 5,823 |  |  | 291 |  |  | (447) |  |  | 151 |  |  | 5,818 |
Total notes receivable |  | $ | 12,490 |  |  | $ | 5,527 |  |  | $ | (2,421) |  |  | $ | 1,706 |  |  | $ | 17,302 |
Total accounts and notes receivable |  | $ | 52,393 |  |  | $ | 42,236 |  |  | $ | (19,292) |  |  | $ | 6,756 |  |  | $ | 82,093 |
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 nine months ended September 30, 2020, the Company collected $0.9 million of accounts receivables that were recovered subsequent to being written-off.

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

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration