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v3.21.1

Allowance for Doubtful Accounts (Tables) | 3 Months Ended
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Mar. 31, 2021
Receivables [Abstract] |
Notes Receivable Disaggregated by Vintage Year | The following table presents the Company’s two tiers of notes receivable further disaggregated by year of origination, as well as write-off activity for the current three month period ended March 31, 2021.
|  |  |  | Notes Receivable
|  |  |  | Amortized Cost Basis by Origination Year
|  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Total
|  | (in thousands)
Notes Receivable |  |  |  |  |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 485 |  |  | $ | 11,466 |  |  | $ | 8,966 |  |  | $ | 19,117 |  |  | $ | 22,153 |  |  | $ | 1,562 |  |  | $ | 63,749 |
Elevated risk notes receivable |  | $ | — |  |  | $ | — |  |  | $ | 617 |  |  | $ | — |  |  | $ | 723 |  |  | $ | 1,374 |  |  | $ | 2,714 |
Current-period gross write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 315 |  |  | $ | 2,494 |  |  | $ | — |  |  | $ | 2,809 |
Current-period recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Current-period net write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 315 |  |  | $ | 2,494 |  |  | $ | — |  |  | $ | 2,809 |
Age Analysis of Past-Due Note Receivable | The following table provides information as to the status of payment on the Company’s notes receivable which were past due as of March 31, 2021:
|  | Age Analysis of Past-Due Notes Receivable as of March 31, 2021
|  | 0-90 Days |  | 91 - 180 Days |  | Greater than 181 Days |  | Total
|  | (in thousands)
Notes Receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 966 |  |  | $ | 620 |  |  | $ | 4,115 |  |  | $ | 5,701 |
Elevated risk notes receivable |  | — |  |  | — |  |  | 2,714 |  |  | 2,714 |
|  | $ | 966 |  |  | $ | 620 |  |  | $ | 6,829 |  |  | $ | 8,415 |
Schedule of Cumulative Effect of Initially Applying New Guidance | The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the three months ended March 31, 2021 and 2020:
|  | Allowance for doubtful accounts
Portfolio Segment: |  | December 31 2020 |  | Write-Offs 1 |  | Bad Debt Expense |  | March 31 2021
|  | (in thousands)
Accounts receivable |  | $ | 51,052 |  |  | $ | (7,305) |  |  | $ | 2,779 |  |  | $ | 46,526 |
Notes Receivables |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 13,258 |  |  | $ | (9) |  |  | $ | (256) |  |  | $ | 12,993 |
Elevated risk notes receivable |  | 3,491 |  |  | (2,800) |  |  | 892 |  |  | 1,583 |
|  | $ | 16,749 |  |  | $ | (2,809) |  |  | $ | 636 |  |  | $ | 14,576 |
Total accounts and notes receivable |  | $ | 67,801 |  |  | $ | (10,114) |  |  | $ | 3,415 |  |  | $ | 61,102 |
1.Write-offs are shown net of recoveries. During the three months ended March 31, 2021, the amount of such recoveries was not material.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | December 31, 2019 |  | Cumulative effect of ASC 326 adoption 1 |  | Write-Offs 2 |  | Bad Debt Expense |  | March 31, 2020
|  | (in thousands)
Accounts receivable |  | $ | 39,903 |  |  | $ | 36,709 |  |  | $ | (4,409) |  |  | $ | 2,186 |  |  | $ | 74,389 |
Notes receivable |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,667 |  |  | $ | 5,236 |  |  | $ | — |  |  | $ | (249) |  |  | $ | 11,654 |
Elevated risk notes receivable |  | 5,823 |  |  | 291 |  |  | — |  |  | 123 |  |  | 6,237 |
Total notes receivable |  | $ | 12,490 |  |  | $ | 5,527 |  |  | $ | — |  |  | $ | (126) |  |  | $ | 17,891 |
Total accounts and notes receivable |  | $ | 52,393 |  |  | $ | 42,236 |  |  | $ | (4,409) |  |  | $ | 2,060 |  |  | $ | 92,280 |
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 three months ended March 31, 2020, the amount of such recoveries was not material.
Accounts Receivable, Allowance for Doubtful Accounts | The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the three months ended March 31, 2021 and 2020:
|  | Allowance for doubtful accounts
Portfolio Segment: |  | December 31 2020 |  | Write-Offs 1 |  | Bad Debt Expense |  | March 31 2021
|  | (in thousands)
Accounts receivable |  | $ | 51,052 |  |  | $ | (7,305) |  |  | $ | 2,779 |  |  | $ | 46,526 |
Notes Receivables |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 13,258 |  |  | $ | (9) |  |  | $ | (256) |  |  | $ | 12,993 |
Elevated risk notes receivable |  | 3,491 |  |  | (2,800) |  |  | 892 |  |  | 1,583 |
|  | $ | 16,749 |  |  | $ | (2,809) |  |  | $ | 636 |  |  | $ | 14,576 |
Total accounts and notes receivable |  | $ | 67,801 |  |  | $ | (10,114) |  |  | $ | 3,415 |  |  | $ | 61,102 |
1.Write-offs are shown net of recoveries. During the three months ended March 31, 2021, the amount of such recoveries was not material.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | December 31, 2019 |  | Cumulative effect of ASC 326 adoption 1 |  | Write-Offs 2 |  | Bad Debt Expense |  | March 31, 2020
|  | (in thousands)
Accounts receivable |  | $ | 39,903 |  |  | $ | 36,709 |  |  | $ | (4,409) |  |  | $ | 2,186 |  |  | $ | 74,389 |
Notes receivable |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,667 |  |  | $ | 5,236 |  |  | $ | — |  |  | $ | (249) |  |  | $ | 11,654 |
Elevated risk notes receivable |  | 5,823 |  |  | 291 |  |  | — |  |  | 123 |  |  | 6,237 |
Total notes receivable |  | $ | 12,490 |  |  | $ | 5,527 |  |  | $ | — |  |  | $ | (126) |  |  | $ | 17,891 |
Total accounts and notes receivable |  | $ | 52,393 |  |  | $ | 42,236 |  |  | $ | (4,409) |  |  | $ | 2,060 |  |  | $ | 92,280 |
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 three months ended March 31, 2020, the amount of such recoveries was not material.
Allowance for Doubtful Accounts | The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the three months ended March 31, 2021 and 2020:
|  | Allowance for doubtful accounts
Portfolio Segment: |  | December 31 2020 |  | Write-Offs 1 |  | Bad Debt Expense |  | March 31 2021
|  | (in thousands)
Accounts receivable |  | $ | 51,052 |  |  | $ | (7,305) |  |  | $ | 2,779 |  |  | $ | 46,526 |
Notes Receivables |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 13,258 |  |  | $ | (9) |  |  | $ | (256) |  |  | $ | 12,993 |
Elevated risk notes receivable |  | 3,491 |  |  | (2,800) |  |  | 892 |  |  | 1,583 |
|  | $ | 16,749 |  |  | $ | (2,809) |  |  | $ | 636 |  |  | $ | 14,576 |
Total accounts and notes receivable |  | $ | 67,801 |  |  | $ | (10,114) |  |  | $ | 3,415 |  |  | $ | 61,102 |
1.Write-offs are shown net of recoveries. During the three months ended March 31, 2021, the amount of such recoveries was not material.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | December 31, 2019 |  | Cumulative effect of ASC 326 adoption 1 |  | Write-Offs 2 |  | Bad Debt Expense |  | March 31, 2020
|  | (in thousands)
Accounts receivable |  | $ | 39,903 |  |  | $ | 36,709 |  |  | $ | (4,409) |  |  | $ | 2,186 |  |  | $ | 74,389 |
Notes receivable |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,667 |  |  | $ | 5,236 |  |  | $ | — |  |  | $ | (249) |  |  | $ | 11,654 |
Elevated risk notes receivable |  | 5,823 |  |  | 291 |  |  | — |  |  | 123 |  |  | 6,237 |
Total notes receivable |  | $ | 12,490 |  |  | $ | 5,527 |  |  | $ | — |  |  | $ | (126) |  |  | $ | 17,891 |
Total accounts and notes receivable |  | $ | 52,393 |  |  | $ | 42,236 |  |  | $ | (4,409) |  |  | $ | 2,060 |  |  | $ | 92,280 |
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 three months ended March 31, 2020, the amount of such recoveries was not material.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
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