Retail Installment Contract Receivables

6 Months Ended

Jun. 30, 2019

Certain subscribers have the option to purchase Products under a RIC, payable over either 42 or 60 months. Short-term RIC receivables are recorded in accounts and notes receivable, net and long-term RIC receivables are recorded in long-term notes receivables and other assets, net in the condensed consolidated unaudited balance sheets.

The following table summarizes the RIC receivables (in thousands):



	June 30, 2019			December 31, 2018
RIC receivables, gross	$	186,077		$	175,250
Deferred interest	(31,652		)	(34,163		)
RIC receivables, net of deferred interest	$	154,425		$	141,087

Classified on the condensed consolidated unaudited balance sheets as:
Accounts and notes receivable, net	$	39,620		$	32,185
Long-term notes receivables and other assets, net	114,805			108,902
RIC receivables, net	$	154,425		$	141,087

The changes in the Company’s deferred interest for the RIC receivables were as follows (in thousands):



	Six months ended June 30, 2019			Twelve months ended December 31, 2018
Deferred interest, beginning of period	$	34,163		$	36,048
Write-offs, net of recoveries	(12,500		)	(26,360		)
Change in deferred interest on short-term and long-term RIC receivables	9,989			24,475
Deferred interest, end of period	$	31,652		$	34,163

The amount of RIC imputed interest income recognized in recurring and other revenue was $3.1 million and $3.5 million during the three months ended June 30, 2019 and 2018, respectively, and $6.6 million and $6.8 million during the six months ended June 30, 2019 and 2018, respectively.