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Allowance for Doubtful Accounts (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2024 and write-off activity for the six months ended June 30, 2024.
|  | Notes receivable
|  | Amortized cost basis by origination year
|  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total
|  | (in thousands)
Notes receivable |  |  |  |  |  |  |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 7,733 |  |  | $ | 8,515 |  |  | $ | 19,482 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 35,730 |
Delinquent notes receivable |  | $ | — |  |  | $ | 6,460 |  |  | $ | 2,287 |  |  | $ | 774 |  |  | $ | 1,491 |  |  | $ | 21,336 |  |  | $ | 32,348 |
Elevated risk notes receivable |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,378 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,378 |
Current-period gross write-offs |  | $ | — |  |  | $ | — |  |  | $ | 41 |  |  | $ | — |  |  | $ | — |  |  | $ | 28 |  |  | $ | 69 |
Current-period recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Current-period net write-offs |  | $ | — |  |  | $ | — |  |  | $ | 41 |  |  | $ | — |  |  | $ | — |  |  | $ | 28 |  |  | $ | 69 |
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 June 30, 2024.
|  | Age analysis of past-due notes receivable as of June 30, 2024
|  | 0 - 90 Days |  | 91 - 180 Days |  | Greater than 181 Days |  | Total
|  | (in thousands)
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 585 |  |  | $ | — |  |  | $ | — |  |  | $ | 585 |
Delinquent notes receivable |  | $ | 1,797 |  |  | $ | 9,759 |  |  | $ | 16,887 |  |  | $ | 28,443 |
Elevated risk notes receivable |  | $ | 569 |  |  | $ | 569 |  |  | $ | 2,087 |  |  | $ | 3,225 |
|  | $ | 2,951 |  |  | $ | 10,328 |  |  | $ | 18,974 |  |  | $ | 32,253 |
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 June 30, 2024 and 2023.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | March 31, 2024 |  | Write-Offs 1 |  | Bad Debt Expense |  | June 30, 2024
|  | (in thousands)
Accounts receivable |  | $ | 84,087 |  |  | $ | (11,955) |  |  | $ | 31,561 |  |  | $ | 103,693 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 3,047 |  |  | $ | — |  |  | $ | (60) |  |  | $ | 2,987 |
Delinquent notes receivable |  | 3,698 |  |  | (69) |  |  | 221 |  |  | 3,850 |
Elevated risk notes receivable |  | 4,755 |  |  | — |  |  | — |  |  | 4,755 |
Total notes receivable |  | $ | 11,500 |  |  | $ | (69) |  |  | $ | 161 |  |  | $ | 11,592 |
Total accounts and notes receivable |  | $ | 95,587 |  |  | $ | (12,024) |  |  | $ | 31,722 |  |  | $ | 115,285 |
1.Write-offs are shown net of recoveries. During the three months ended June 30, 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: |  | March 31, 2023 |  | Write-Offs 1 |  | Bad Debt Expense |  | June 30, 2023
|  | (in thousands)
Accounts receivable |  | $ | 68,407 |  |  | $ | (8,365) |  |  | $ | 10,378 |  |  | $ | 70,420 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,425 |  |  | $ | (101) |  |  | $ | 684 |  |  | $ | 7,008 |
Elevated risk notes receivable |  | 2,035 |  |  | (2) |  |  | 201 |  |  | 2,234 |
Total notes receivable |  | $ | 8,460 |  |  | $ | (103) |  |  | $ | 885 |  |  | $ | 9,242 |
Total accounts and notes receivable |  | $ | 76,867 |  |  | $ | (8,468) |  |  | $ | 11,263 |  |  | $ | 79,662 |
1.Write-offs are shown net of recoveries. During the three months ended June 30, 2023, the Company collected less than $0.1 million of accounts and notes receivable 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, 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 |  | June 30, 2024
|  | (in thousands)
Accounts receivable |  | $ | 80,819 |  |  | $ | (12,988) |  |  | $ | 35,862 |  |  | $ | 103,693 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 3,510 |  |  | $ | — |  |  | $ | (523) |  |  | $ | 2,987 |
Delinquent notes receivable |  | 2,615 |  |  | (69) |  |  | 1,304 |  |  | 3,850 |
Elevated risk notes receivable |  | 4,755 |  |  | — |  |  | — |  |  | 4,755 |
Total notes receivable |  | $ | 10,880 |  |  | $ | (69) |  |  | $ | 781 |  |  | $ | 11,592 |
Total accounts and notes receivable |  | $ | 91,699 |  |  | $ | (13,057) |  |  | $ | 36,643 |  |  | $ | 115,285 |
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 six months ended June 30, 2024, the Company collected $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 |  | June 30, 2023
|  | (in thousands)
Accounts receivable |  | $ | 66,601 |  |  | $ | (11,818) |  |  | $ | 15,637 |  |  | $ | 70,420 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,052 |  |  | $ | (101) |  |  | $ | 1,057 |  |  | $ | 7,008 |
Elevated risk notes receivable |  | 811 |  |  | (53) |  |  | 1,476 |  |  | 2,234 |
Total notes receivable |  | $ | 6,863 |  |  | $ | (154) |  |  | $ | 2,533 |  |  | $ | 9,242 |
Total accounts and notes receivable |  | $ | 73,464 |  |  | $ | (11,972) |  |  | $ | 18,170 |  |  | $ | 79,662 |
1.Write-offs are shown net of recoveries. During the six months ended June 30, 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 June 30, 2024 and 2023.
|  | Allowance for doubtful accounts
Portfolio Segment: |  | March 31, 2024 |  | Write-Offs 1 |  | Bad Debt Expense |  | June 30, 2024
|  | (in thousands)
Accounts receivable |  | $ | 84,087 |  |  | $ | (11,955) |  |  | $ | 31,561 |  |  | $ | 103,693 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 3,047 |  |  | $ | — |  |  | $ | (60) |  |  | $ | 2,987 |
Delinquent notes receivable |  | 3,698 |  |  | (69) |  |  | 221 |  |  | 3,850 |
Elevated risk notes receivable |  | 4,755 |  |  | — |  |  | — |  |  | 4,755 |
Total notes receivable |  | $ | 11,500 |  |  | $ | (69) |  |  | $ | 161 |  |  | $ | 11,592 |
Total accounts and notes receivable |  | $ | 95,587 |  |  | $ | (12,024) |  |  | $ | 31,722 |  |  | $ | 115,285 |
1.Write-offs are shown net of recoveries. During the three months ended June 30, 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: |  | March 31, 2023 |  | Write-Offs 1 |  | Bad Debt Expense |  | June 30, 2023
|  | (in thousands)
Accounts receivable |  | $ | 68,407 |  |  | $ | (8,365) |  |  | $ | 10,378 |  |  | $ | 70,420 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,425 |  |  | $ | (101) |  |  | $ | 684 |  |  | $ | 7,008 |
Elevated risk notes receivable |  | 2,035 |  |  | (2) |  |  | 201 |  |  | 2,234 |
Total notes receivable |  | $ | 8,460 |  |  | $ | (103) |  |  | $ | 885 |  |  | $ | 9,242 |
Total accounts and notes receivable |  | $ | 76,867 |  |  | $ | (8,468) |  |  | $ | 11,263 |  |  | $ | 79,662 |
1.Write-offs are shown net of recoveries. During the three months ended June 30, 2023, the Company collected less than $0.1 million of accounts and notes receivable 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, 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 |  | June 30, 2024
|  | (in thousands)
Accounts receivable |  | $ | 80,819 |  |  | $ | (12,988) |  |  | $ | 35,862 |  |  | $ | 103,693 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 3,510 |  |  | $ | — |  |  | $ | (523) |  |  | $ | 2,987 |
Delinquent notes receivable |  | 2,615 |  |  | (69) |  |  | 1,304 |  |  | 3,850 |
Elevated risk notes receivable |  | 4,755 |  |  | — |  |  | — |  |  | 4,755 |
Total notes receivable |  | $ | 10,880 |  |  | $ | (69) |  |  | $ | 781 |  |  | $ | 11,592 |
Total accounts and notes receivable |  | $ | 91,699 |  |  | $ | (13,057) |  |  | $ | 36,643 |  |  | $ | 115,285 |
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 six months ended June 30, 2024, the Company collected $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 |  | June 30, 2023
|  | (in thousands)
Accounts receivable |  | $ | 66,601 |  |  | $ | (11,818) |  |  | $ | 15,637 |  |  | $ | 70,420 |
Notes receivable |  |  |  |  |  |  |  |
Standard notes receivable |  | $ | 6,052 |  |  | $ | (101) |  |  | $ | 1,057 |  |  | $ | 7,008 |
Elevated risk notes receivable |  | 811 |  |  | (53) |  |  | 1,476 |  |  | 2,234 |
Total notes receivable |  | $ | 6,863 |  |  | $ | (154) |  |  | $ | 2,533 |  |  | $ | 9,242 |
Total accounts and notes receivable |  | $ | 73,464 |  |  | $ | (11,972) |  |  | $ | 18,170 |  |  | $ | 79,662 |
1.Write-offs are shown net of recoveries. During the six months ended June 30, 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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