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Allowance for Doubtful Accounts (Tables) | 3 Months Ended
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Mar. 31, 2024
Receivables [Abstract] |
Schedule of Notes Receivable Disaggregated by Vintage Year | The following table presents the Company’s three tiers of notes receivable further disaggregated by year of origination as of March 31, 2024 and write-off activity for the three months ended March 31, 2024.
|  | Notes receivable
|  | Amortized cost basis by origination year
|  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total
|  | (in thousands)
Notes receivable |  |  |  |  |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 3,732 |  |  | $ | 10,759 |  |  | $ | 21,828 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 36,319 |
Delinquent notes receivable |  | $ | — |  |  | $ | 5,700 |  |  | $ | 1,946 |  |  | $ | 855 |  |  | $ | 1,529 |  |  | $ | 21,057 |  |  | $ | 31,087 |
Elevated risk notes receivable |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,322 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,322 |
Current-period gross write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Current-period recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Current-period net write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
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 March 31, 2024.
|  | Age analysis of past-due notes receivable as of March 31, 2024
|  | 0 - 90 Days |  | 91 - 180 Days |  | Greater than 181 Days |  | Total
|  | (in thousands)
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 519 |  |  | $ | — |  |  | $ | — |  |  | $ | 519 |
Delinquent notes receivable |  | $ | 1,274 |  |  | $ | 4,677 |  |  | $ | 11,473 |  |  | $ | 17,424 |
Elevated risk notes receivable |  | $ | 569 |  |  | $ | 569 |  |  | $ | 1,518 |  |  | $ | 2,656 |
|  | $ | 2,362 |  |  | $ | 5,246 |  |  | $ | 12,991 |  |  | $ | 20,599 |
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 March 31, 2024 and 2023. Delinquent notes receivable were not considered a separate portfolio segment at December 31, 2023. The amount presented in the table below for the allowance for doubtful accounts for delinquent notes receivable was included within the standard notes receivable portfolio at December 31, 2023.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | December 31, 2023 1 |  | Write-Offs 2 |  | Bad Debt Expense |  | March 31, 2024
|  | (in thousands)
Accounts receivable |  | $ | 80,819 |  |  | $ | (1,033) |  |  | $ | 4,301 |  |  | $ | 84,087 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 3,510 |  |  | $ | — |  |  | $ | (463) |  |  | $ | 3,047 |
Delinquent notes receivable |  | 2,615 |  |  | — |  |  | 1,083 |  |  | 3,698 |
Elevated risk notes receivable |  | 4,755 |  |  | — |  |  | — |  |  | 4,755 |
Total notes receivable |  | $ | 10,880 |  |  | $ | — |  |  | $ | 620 |  |  | $ | 11,500 |
Total accounts and notes receivable |  | $ | 91,699 |  |  | $ | (1,033) |  |  | $ | 4,921 |  |  | $ | 95,587 |
1.The December 31, 2023 balance includes transfers of $2.6 million from the standard notes receivable portfolio segment to the delinquent notes receivable portfolio segment. 2.Write-offs are shown net of recoveries. During the three months ended March 31, 2024, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.
|  | Allowance for doubtful accounts
Portfolio segment: |  | December 31, 2022 |  | Write-Offs 1 |  | Bad Debt Expense |  | March 31, 2023
|  | (in thousands)
Accounts receivable |  | $ | 66,601 |  |  | $ | (3,453) |  |  | $ | 5,259 |  |  | $ | 68,407 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,052 |  |  | $ | — |  |  | $ | 373 |  |  | $ | 6,425 |
Elevated risk notes receivable |  | 811 |  |  | (51) |  |  | 1,275 |  |  | 2,035 |
Total notes receivable |  | $ | 6,863 |  |  | $ | (51) |  |  | $ | 1,648 |  |  | $ | 8,460 |
Total accounts and notes receivable |  | $ | 73,464 |  |  | $ | (3,504) |  |  | $ | 6,907 |  |  | $ | 76,867 |
1.Write-offs are shown net of recoveries. During the three months ended March 31, 2023, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.
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 March 31, 2024 and 2023. Delinquent notes receivable were not considered a separate portfolio segment at December 31, 2023. The amount presented in the table below for the allowance for doubtful accounts for delinquent notes receivable was included within the standard notes receivable portfolio at December 31, 2023.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | December 31, 2023 1 |  | Write-Offs 2 |  | Bad Debt Expense |  | March 31, 2024
|  | (in thousands)
Accounts receivable |  | $ | 80,819 |  |  | $ | (1,033) |  |  | $ | 4,301 |  |  | $ | 84,087 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 3,510 |  |  | $ | — |  |  | $ | (463) |  |  | $ | 3,047 |
Delinquent notes receivable |  | 2,615 |  |  | — |  |  | 1,083 |  |  | 3,698 |
Elevated risk notes receivable |  | 4,755 |  |  | — |  |  | — |  |  | 4,755 |
Total notes receivable |  | $ | 10,880 |  |  | $ | — |  |  | $ | 620 |  |  | $ | 11,500 |
Total accounts and notes receivable |  | $ | 91,699 |  |  | $ | (1,033) |  |  | $ | 4,921 |  |  | $ | 95,587 |
1.The December 31, 2023 balance includes transfers of $2.6 million from the standard notes receivable portfolio segment to the delinquent notes receivable portfolio segment. 2.Write-offs are shown net of recoveries. During the three months ended March 31, 2024, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.
|  | Allowance for doubtful accounts
Portfolio segment: |  | December 31, 2022 |  | Write-Offs 1 |  | Bad Debt Expense |  | March 31, 2023
|  | (in thousands)
Accounts receivable |  | $ | 66,601 |  |  | $ | (3,453) |  |  | $ | 5,259 |  |  | $ | 68,407 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,052 |  |  | $ | — |  |  | $ | 373 |  |  | $ | 6,425 |
Elevated risk notes receivable |  | 811 |  |  | (51) |  |  | 1,275 |  |  | 2,035 |
Total notes receivable |  | $ | 6,863 |  |  | $ | (51) |  |  | $ | 1,648 |  |  | $ | 8,460 |
Total accounts and notes receivable |  | $ | 73,464 |  |  | $ | (3,504) |  |  | $ | 6,907 |  |  | $ | 76,867 |
1.Write-offs are shown net of recoveries. During the three months ended March 31, 2023, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

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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 -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
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