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Allowance for Doubtful Accounts (Tables)

6 Months Ended

Jun. 30, 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 six month period ended June 30, 2021.

												Notes Receivable
												Amortized Cost Basis by Origination Year
						2021						2020						2019						2018						2017						Prior						Total
						(in thousands)
Notes Receivable
Standard notes receivable						$	415					$	9,315					$	13,728					$	19,026					$	21,577					$	1,562					$	65,623
Elevated risk notes receivable						$	—					$	—					$	617					$	—					$	723					$	1,374					$	2,714
Current-period gross write-offs						$	—					$	—					$	—					$	315					$	2,494					$	—					$	2,809
Current-period recoveries						—						—						(1)						—						—						(38)						(39)
Current-period net write-offs						$	—					$	—					$	(1)					$	315					$	2,494					$	(38)					$	2,770

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 June 30, 2021:

						Age Analysis of Past-Due Notes Receivable as of June 30, 2021
						0-90 Days						91 - 180 Days						Greater than 181 Days						Total
						(in thousands)
Notes Receivable
Standard notes receivable						$	1,240					$	784					$	4,551					$	6,575
Elevated risk notes receivable						—						—						2,714						2,714
						$	1,240					$	784					$	7,265					$	9,289

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 June 30, 2021 and 2020.

						Allowance for doubtful accounts
Portfolio Segment:						March 31, 2021						Write-Offs1						Bad Debt Expense						June 30, 2021
						(in thousands)
Accounts receivable						$	46,526					$	(75)					$	3,792					$	50,243
Notes Receivable
Standard notes receivable						$	12,993					$	—					$	(459)					$	12,534
Elevated risk notes receivable						1,583						39						(39)						1,583
Total notes receivable						$	14,576					$	39					$	(498)					$	14,117
Total accounts and notes receivable						$	61,102					$	(36)					$	3,294					$	64,360

1.Write-offs are shown net of recoveries. During the three months ended June 30, 2021, the Company collected $0.1 million of accounts receivables and notes receivables which had previously been written-off as uncollectible.

						Allowance for doubtful accounts
Portfolio Segment:						March 31, 2020						Write-Offs1						Bad Debt Expense						June 30, 2020
						(in thousands)
Accounts receivable						$	74,389					$	(9,987)					$	1,897					$	66,299
Notes Receivable
Standard notes receivable						$	11,654					$	(1,721)					$	1,936					$	11,869
Elevated risk notes receivable						6,237						(447)						28						5,818
Total notes receivable						$	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 which had previously been written-off as uncollectible.

The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the six months ended June 30, 2021 and 2020.

						Allowance for doubtful accounts
Portfolio Segment:						December 31, 2020						Write-Offs1						Bad Debt Expense						June 30, 2021
						(in thousands)
Accounts receivable						$	51,052					$	(7,380)					$	6,571					$	50,243
Notes receivable
Standard notes receivable						$	13,258					$	(9)					$	(715)					$	12,534
Elevated risk notes receivable						3,491						(2,761)						853						1,583
Total notes receivable						$	16,749					$	(2,770)					$	138					$	14,117
Total accounts and notes receivable						$	67,801					$	(10,150)					$	6,709					$	64,360

1.Write-offs are shown net of recoveries. During the six months ended June 30, 2021, the Company collected $0.1 million of accounts receivables and notes receivables which had previously been written-off as uncollectible.

						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 which had previously been written-off as uncollectible.

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 June 30, 2021 and 2020.

						Allowance for doubtful accounts
Portfolio Segment:						March 31, 2021						Write-Offs1						Bad Debt Expense						June 30, 2021
						(in thousands)
Accounts receivable						$	46,526					$	(75)					$	3,792					$	50,243
Notes Receivable
Standard notes receivable						$	12,993					$	—					$	(459)					$	12,534
Elevated risk notes receivable						1,583						39						(39)						1,583
Total notes receivable						$	14,576					$	39					$	(498)					$	14,117
Total accounts and notes receivable						$	61,102					$	(36)					$	3,294					$	64,360

1.Write-offs are shown net of recoveries. During the three months ended June 30, 2021, the Company collected $0.1 million of accounts receivables and notes receivables which had previously been written-off as uncollectible.

						Allowance for doubtful accounts
Portfolio Segment:						March 31, 2020						Write-Offs1						Bad Debt Expense						June 30, 2020
						(in thousands)
Accounts receivable						$	74,389					$	(9,987)					$	1,897					$	66,299
Notes Receivable
Standard notes receivable						$	11,654					$	(1,721)					$	1,936					$	11,869
Elevated risk notes receivable						6,237						(447)						28						5,818
Total notes receivable						$	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 which had previously been written-off as uncollectible.

The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the six months ended June 30, 2021 and 2020.

						Allowance for doubtful accounts
Portfolio Segment:						December 31, 2020						Write-Offs1						Bad Debt Expense						June 30, 2021
						(in thousands)
Accounts receivable						$	51,052					$	(7,380)					$	6,571					$	50,243
Notes receivable
Standard notes receivable						$	13,258					$	(9)					$	(715)					$	12,534
Elevated risk notes receivable						3,491						(2,761)						853						1,583
Total notes receivable						$	16,749					$	(2,770)					$	138					$	14,117
Total accounts and notes receivable						$	67,801					$	(10,150)					$	6,709					$	64,360

1.Write-offs are shown net of recoveries. During the six months ended June 30, 2021, the Company collected $0.1 million of accounts receivables and notes receivables which had previously been written-off as uncollectible.

						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 which had previously been written-off as uncollectible.

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 June 30, 2021 and 2020.

						Allowance for doubtful accounts
Portfolio Segment:						March 31, 2021						Write-Offs1						Bad Debt Expense						June 30, 2021
						(in thousands)
Accounts receivable						$	46,526					$	(75)					$	3,792					$	50,243
Notes Receivable
Standard notes receivable						$	12,993					$	—					$	(459)					$	12,534
Elevated risk notes receivable						1,583						39						(39)						1,583
Total notes receivable						$	14,576					$	39					$	(498)					$	14,117
Total accounts and notes receivable						$	61,102					$	(36)					$	3,294					$	64,360

1.Write-offs are shown net of recoveries. During the three months ended June 30, 2021, the Company collected $0.1 million of accounts receivables and notes receivables which had previously been written-off as uncollectible.

						Allowance for doubtful accounts
Portfolio Segment:						March 31, 2020						Write-Offs1						Bad Debt Expense						June 30, 2020
						(in thousands)
Accounts receivable						$	74,389					$	(9,987)					$	1,897					$	66,299
Notes Receivable
Standard notes receivable						$	11,654					$	(1,721)					$	1,936					$	11,869
Elevated risk notes receivable						6,237						(447)						28						5,818
Total notes receivable						$	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 which had previously been written-off as uncollectible.

The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the six months ended June 30, 2021 and 2020.

						Allowance for doubtful accounts
Portfolio Segment:						December 31, 2020						Write-Offs1						Bad Debt Expense						June 30, 2021
						(in thousands)
Accounts receivable						$	51,052					$	(7,380)					$	6,571					$	50,243
Notes receivable
Standard notes receivable						$	13,258					$	(9)					$	(715)					$	12,534
Elevated risk notes receivable						3,491						(2,761)						853						1,583
Total notes receivable						$	16,749					$	(2,770)					$	138					$	14,117
Total accounts and notes receivable						$	67,801					$	(10,150)					$	6,709					$	64,360

1.Write-offs are shown net of recoveries. During the six months ended June 30, 2021, the Company collected $0.1 million of accounts receivables and notes receivables which had previously been written-off as uncollectible.

						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 which had previously been written-off as uncollectible.

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