XML 36 R27.htm IDEA: XBRL DOCUMENT
v3.23.3

Allowance for Doubtful Accounts (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Receivables [Abstract] |
Schedule of 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 of September 30, 2023 and write-off activity for the nine months ended September 30, 2023.
|  | Notes receivable
|  | Amortized cost basis by origination year
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Total
|  | (in thousands)
Notes receivable |  |  |  |  |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 20,657 |  |  | $ | 27,457 |  |  | $ | 2,943 |  |  | $ | 1,537 |  |  | $ | 53 |  |  | $ | 21,031 |  |  | $ | 73,678 |
Elevated risk notes receivable |  | $ | — |  |  | $ | — |  |  | $ | 7,190 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,190 |
Current-period gross write-offs |  | $ | — |  |  | $ | 189 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,346 |  |  | $ | 2,535 |
Current-period recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Current-period net write-offs |  | $ | — |  |  | $ | 189 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,346 |  |  | $ | 2,535 |
Schedule of 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 September 30, 2023.
|  | Age analysis of past-due notes receivable as of September 30, 2023
|  | 0 - 90 Days |  | 91 - 180 Days |  | Greater than 181 Days |  | Total
|  | (in thousands)
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 4,059 |  |  | $ | 1,196 |  |  | $ | 5,837 |  |  | $ | 11,092 |
Elevated risk notes receivable |  | 569 |  |  | 569 |  |  | 379 |  |  | 1,517 |
|  | $ | 4,628 |  |  | $ | 1,765 |  |  | $ | 6,216 |  |  | $ | 12,609 |
Schedule of Changes in 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 September 30, 2023 and 2022.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | June 30, 2023 |  | Write-Offs 1 |  | Bad Debt Expense |  | September 30, 2023
|  | (in thousands)
Accounts receivable |  | $ | 70,420 |  |  | $ | (1,039) |  |  | $ | 9,648 |  |  | $ | 79,029 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 7,008 |  |  | $ | (1,529) |  |  | $ | 1,208 |  |  | $ | 6,687 |
Elevated risk notes receivable |  | 2,234 |  |  | (793) |  |  | 3,314 |  |  | 4,755 |
Total notes receivable |  | $ | 9,242 |  |  | $ | (2,322) |  |  | $ | 4,522 |  |  | $ | 11,442 |
Total accounts and notes receivable |  | $ | 79,662 |  |  | $ | (3,361) |  |  | $ | 14,170 |  |  | $ | 90,471 |
1.Write-offs are shown net of recoveries. During the three months ended September 30, 2023, the Company collected less than $0.1 million of accounts and notes receivables which had previously been written-off as uncollectible.
|  | Allowance for doubtful accounts
Portfolio segment: |  | June 30, 2022 |  | Write-Offs 1 |  | Bad Debt Expense |  | September 30, 2022
|  | (in thousands)
Accounts receivable |  | $ | 62,603 |  |  | $ | (5,145) |  |  | $ | 7,863 |  |  | $ | 65,321 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 12,606 |  |  | $ | (6,718) |  |  | $ | (1,545) |  |  | $ | 4,343 |
Elevated risk notes receivable |  | 811 |  |  | — |  |  | — |  |  | 811 |
Total notes receivable |  | $ | 13,417 |  |  | $ | (6,718) |  |  | $ | (1,545) |  |  | $ | 5,154 |
Total accounts and notes receivable |  | $ | 76,020 |  |  | $ | (11,863) |  |  | $ | 6,318 |  |  | $ | 70,475 |
1.Write-offs are shown net of recoveries. During the three months ended September 30, 2022, the Company collected less than $0.1 million of accounts and notes 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 nine months ended September 30, 2023 and 2022.
|  | Allowance for doubtful accounts
Portfolio segment: |  | December 31, 2022 |  | Write-Offs 1 |  | Bad Debt Expense |  | September 30, 2023
|  | (in thousands)
Accounts receivable |  | $ | 66,601 |  |  | $ | (12,798) |  |  | $ | 25,226 |  |  | $ | 79,029 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,052 |  |  | $ | (1,689) |  |  | $ | 2,324 |  |  | $ | 6,687 |
Elevated risk notes receivable |  | 811 |  |  | (846) |  |  | 4,790 |  |  | 4,755 |
Total notes receivable |  | $ | 6,863 |  |  | $ | (2,535) |  |  | $ | 7,114 |  |  | $ | 11,442 |
Total accounts and notes receivable |  | $ | 73,464 |  |  | $ | (15,333) |  |  | $ | 32,340 |  |  | $ | 90,471 |
1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2023, the Company collected $0.1 million of accounts and notes receivables which had previously been written-off as uncollectible.
|  | Allowance for doubtful accounts
Portfolio segment: |  | December 31, 2021 |  | Write-Offs 1 |  | Bad Debt Expense |  | September 30, 2022
|  | (in thousands)
Accounts receivable |  | $ | 50,794 |  |  | $ | (11,195) |  |  | $ | 25,722 |  |  | $ | 65,321 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 13,607 |  |  | $ | (6,773) |  |  | $ | (2,491) |  |  | $ | 4,343 |
Elevated risk notes receivable |  | 1,183 |  |  | (483) |  |  | 111 |  |  | 811 |
Total notes receivable |  | $ | 14,790 |  |  | $ | (7,256) |  |  | $ | (2,380) |  |  | $ | 5,154 |
Total accounts and notes receivable |  | $ | 65,584 |  |  | $ | (18,451) |  |  | $ | 23,342 |  |  | $ | 70,475 |
1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2022, the Company collected $0.2 million of accounts and notes receivables which had previously been written-off as uncollectible. Adjustments include a reduction of $8.0 million of allowance for doubtful accounts which related to a customer concession granted during the nine months ended September 30, 2022.
Schedule of Changes in Allowance for Notes Receivable | 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 September 30, 2023 and 2022.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | June 30, 2023 |  | Write-Offs 1 |  | Bad Debt Expense |  | September 30, 2023
|  | (in thousands)
Accounts receivable |  | $ | 70,420 |  |  | $ | (1,039) |  |  | $ | 9,648 |  |  | $ | 79,029 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 7,008 |  |  | $ | (1,529) |  |  | $ | 1,208 |  |  | $ | 6,687 |
Elevated risk notes receivable |  | 2,234 |  |  | (793) |  |  | 3,314 |  |  | 4,755 |
Total notes receivable |  | $ | 9,242 |  |  | $ | (2,322) |  |  | $ | 4,522 |  |  | $ | 11,442 |
Total accounts and notes receivable |  | $ | 79,662 |  |  | $ | (3,361) |  |  | $ | 14,170 |  |  | $ | 90,471 |
1.Write-offs are shown net of recoveries. During the three months ended September 30, 2023, the Company collected less than $0.1 million of accounts and notes receivables which had previously been written-off as uncollectible.
|  | Allowance for doubtful accounts
Portfolio segment: |  | June 30, 2022 |  | Write-Offs 1 |  | Bad Debt Expense |  | September 30, 2022
|  | (in thousands)
Accounts receivable |  | $ | 62,603 |  |  | $ | (5,145) |  |  | $ | 7,863 |  |  | $ | 65,321 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 12,606 |  |  | $ | (6,718) |  |  | $ | (1,545) |  |  | $ | 4,343 |
Elevated risk notes receivable |  | 811 |  |  | — |  |  | — |  |  | 811 |
Total notes receivable |  | $ | 13,417 |  |  | $ | (6,718) |  |  | $ | (1,545) |  |  | $ | 5,154 |
Total accounts and notes receivable |  | $ | 76,020 |  |  | $ | (11,863) |  |  | $ | 6,318 |  |  | $ | 70,475 |
1.Write-offs are shown net of recoveries. During the three months ended September 30, 2022, the Company collected less than $0.1 million of accounts and notes 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 nine months ended September 30, 2023 and 2022.
|  | Allowance for doubtful accounts
Portfolio segment: |  | December 31, 2022 |  | Write-Offs 1 |  | Bad Debt Expense |  | September 30, 2023
|  | (in thousands)
Accounts receivable |  | $ | 66,601 |  |  | $ | (12,798) |  |  | $ | 25,226 |  |  | $ | 79,029 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,052 |  |  | $ | (1,689) |  |  | $ | 2,324 |  |  | $ | 6,687 |
Elevated risk notes receivable |  | 811 |  |  | (846) |  |  | 4,790 |  |  | 4,755 |
Total notes receivable |  | $ | 6,863 |  |  | $ | (2,535) |  |  | $ | 7,114 |  |  | $ | 11,442 |
Total accounts and notes receivable |  | $ | 73,464 |  |  | $ | (15,333) |  |  | $ | 32,340 |  |  | $ | 90,471 |
1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2023, the Company collected $0.1 million of accounts and notes receivables which had previously been written-off as uncollectible.
|  | Allowance for doubtful accounts
Portfolio segment: |  | December 31, 2021 |  | Write-Offs 1 |  | Bad Debt Expense |  | September 30, 2022
|  | (in thousands)
Accounts receivable |  | $ | 50,794 |  |  | $ | (11,195) |  |  | $ | 25,722 |  |  | $ | 65,321 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 13,607 |  |  | $ | (6,773) |  |  | $ | (2,491) |  |  | $ | 4,343 |
Elevated risk notes receivable |  | 1,183 |  |  | (483) |  |  | 111 |  |  | 811 |
Total notes receivable |  | $ | 14,790 |  |  | $ | (7,256) |  |  | $ | (2,380) |  |  | $ | 5,154 |
Total accounts and notes receivable |  | $ | 65,584 |  |  | $ | (18,451) |  |  | $ | 23,342 |  |  | $ | 70,475 |
1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2022, the Company collected $0.2 million of accounts and notes receivables which had previously been written-off as uncollectible. Adjustments include a reduction of $8.0 million of allowance for doubtful accounts which related to a customer concession granted during the nine months ended September 30, 2022.

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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