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Net Investment in Leases (Tables) | 3 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Schedule of net investment in leases | The Company’s net investment in leases were comprised of the following as of March 31, 2022 and December 31, 2021 ($ in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2022 |  | December 31, 2021
Total undiscounted cash flows | ​ | $ | 356,338 | ​ | $ | 524,712
Unguaranteed estimated residual value | ​ |  | 21,750 | ​ |  | 42,000
Present value discount | ​ |  | (349,676) | ​ |  | (523,497)
Allowance for losses on net investment in leases | ​ |  | (281) | ​ |  | —
Net investment in leases(1) | ​ | $ | 28,131 | ​ | $ | 43,215
(1) | As of March 31, 2022 and December 31, 2021, the Company’s net investment in lease was current in its payment status and performing in accordance with the terms of the lease. As of March 31, 2022, the risk rating on the Company’s net investment in leases was 1.0.
Schedule of future minimum lease payments to be collected under sales-type leases |
​ | ​ | ​ | ​
​ |  | Amount
2022 (remaining nine months) | ​ | $ | 688
2023 | ​ |  | 934
2024 | ​ |  | 1,194
2025 | ​ |  | 1,240
2026 | ​ |  | 1,264
Thereafter | ​ |  | 351,018
Total undiscounted cash flows | ​ | $ | 356,338
Schedule of changes in allowance for losses on net investment in leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended |
​ | ​ | March 31, 2022 |  | March 31, 2021 | ​
Allowance for losses on net investment in leases at beginning of period(1) |  | $ | — | ​ | $ | 10,871 |
Provision for (recovery of) losses on net investment in leases (2) | ​ | ​ | 281 | ​ | ​ | (1,601) | ​
Allowance for losses on net investment in leases at end of period(1) | ​ | $ | 281 | ​ | $ | 9,270 | ​
(1) | All 2021 amounts were for net investment in leases included in the Net Lease Sale (refer to Note 3 – Net Lease Sale and Discontinued Operations).
(2) | During the three months ended March 31, 2022, the Company recorded a provision for losses on net investment in leases of $0.3 million due primarily to the macroeconomic forecast on commercial real estate markets. During the three months ended March 31, 2021, the Company recorded a recovery of losses on net investment in leases of $1.6 million (which is included in “Net income from discontinued operations’) due primarily to an improving macroeconomic forecast on commercial real estate markets since December 31, 2020.

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919391-209981 + Details
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- Definition Tabular disclosure of allowance for credit loss on net investment in sales-type financing lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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