Allowance for Doubtful Accounts (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2020

Sep. 30, 2021

Receivables [Abstract]

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 well as write-off activity for the current nine month period ended September 30, 2021.

	Notes Receivable
	Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Total
	(in thousands)
Notes Receivable
Standard notes receivable	$	11,414	$	8,181	$	2,060	$	18,980	$	21,289	$	1,560	$	63,484
Elevated risk notes receivable	$	—	$	—	$	617	$	—	$	723	$	1,374	$	2,714
Current-period gross write-offs	$	—	$	—	$	—	$	315	$	2,493	$	—	$	2,808
Current-period recoveries	—		—		(1)		—		—		(37)		(38)
Current-period net write-offs	$	—	$	—	$	(1)	$	315	$	2,493	$	(37)	$	2,770

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, 2021:

	Age Analysis of Past-Due Notes Receivable as of September 30, 2021
	0-90 Days		91 - 180 Days		Greater than 181 Days		Total
	(in thousands)
Notes Receivable
Standard notes receivable	$	5,709	$	877	$	5,589	$	12,175
Elevated risk notes receivable	—		—		2,714		2,714
	$	5,709	$	877	$	8,303	$	14,889

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, 2021 and 2020.

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2021		Write-Offs1		Bad Debt Expense		September 30, 2021
	(in thousands)
Accounts receivable	$	50,243	$	(427)	$	4,230	$	54,046
Notes Receivable
Standard notes receivable	$	12,534	$	—	$	(149)	$	12,385
Elevated risk notes receivable	1,583		—		—		1,583
Total notes receivable	$	14,117	$	—	$	(149)	$	13,968
Total accounts and notes receivable	$	64,360	$	(427)	$	4,081	$	68,014

1.Write-offs are shown net of recoveries. During the three months ended September 30, 2021, the Company collected an immaterial amount of accounts receivables and notes receivables which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2020		Write-Offs1		Bad Debt Expense		September 30, 2020
	(in thousands)
Accounts receivable	$	66,299	$	(2,475)	$	967	$	64,791
Notes Receivable
Standard notes receivable	$	11,869	$	(253)	$	(132)	$	11,484
Elevated risk notes receivable	5,818		—		—		5,818
Total notes receivable	$	17,687	$	(253)	$	(132)	$	17,302
Total accounts and notes receivable	$	83,986	$	(2,728)	$	835	$	82,093

1.Write-offs are shown net of recoveries. During the three months ended September 30, 2020, the Company collected $0.1 million of accounts 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, 2021 and 2020.

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2020		Write-Offs1		Bad Debt Expense		September 30, 2021
	(in thousands)
Accounts receivable	$	51,052	$	(7,807)	$	10,801	$	54,046
Notes receivable
Standard notes receivable	$	13,258	$	(9)	$	(864)	$	12,385
Elevated risk notes receivable	3,491		(2,761)		853		1,583
Total notes receivable	$	16,749	$	(2,770)	$	(11)	$	13,968
Total accounts and notes receivable	$	67,801	$	(10,577)	$	10,790	$	68,014

1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2021, the Company collected $0.1 million of accounts receivables and notes receivables which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2019		Cumulative effect of ASC 326 adoption1		Write-Offs2		Bad Debt Expense		September 30, 2020
	(in thousands)
Accounts receivable	$	39,903	$	36,709	$	(16,871)	$	5,050	$	64,791
Notes receivable
Standard notes receivable	$	6,667	$	5,236	$	(1,974)	$	1,555	$	11,484
Elevated risk notes receivable	5,823		291		(447)		151		5,818
Total notes receivable	$	12,490	$	5,527	$	(2,421)	$	1,706	$	17,302
Total accounts and notes receivable	$	52,393	$	42,236	$	(19,292)	$	6,756	$	82,093

1.Represents the pre-tax one-time adjustment to the Company’s 2020 opening retained earnings balance in accordance with the adoption of the CECL accounting guidance.

2.Write-offs are shown net of recoveries. During the nine months ended September 30, 2020, the Company collected $0.9 million of accounts receivables 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 September 30, 2021 and 2020.

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2021		Write-Offs1		Bad Debt Expense		September 30, 2021
	(in thousands)
Accounts receivable	$	50,243	$	(427)	$	4,230	$	54,046
Notes Receivable
Standard notes receivable	$	12,534	$	—	$	(149)	$	12,385
Elevated risk notes receivable	1,583		—		—		1,583
Total notes receivable	$	14,117	$	—	$	(149)	$	13,968
Total accounts and notes receivable	$	64,360	$	(427)	$	4,081	$	68,014

1.Write-offs are shown net of recoveries. During the three months ended September 30, 2021, the Company collected an immaterial amount of accounts receivables and notes receivables which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2020		Write-Offs1		Bad Debt Expense		September 30, 2020
	(in thousands)
Accounts receivable	$	66,299	$	(2,475)	$	967	$	64,791
Notes Receivable
Standard notes receivable	$	11,869	$	(253)	$	(132)	$	11,484
Elevated risk notes receivable	5,818		—		—		5,818
Total notes receivable	$	17,687	$	(253)	$	(132)	$	17,302
Total accounts and notes receivable	$	83,986	$	(2,728)	$	835	$	82,093

1.Write-offs are shown net of recoveries. During the three months ended September 30, 2020, the Company collected $0.1 million of accounts 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, 2021 and 2020.

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2020		Write-Offs1		Bad Debt Expense		September 30, 2021
	(in thousands)
Accounts receivable	$	51,052	$	(7,807)	$	10,801	$	54,046
Notes receivable
Standard notes receivable	$	13,258	$	(9)	$	(864)	$	12,385
Elevated risk notes receivable	3,491		(2,761)		853		1,583
Total notes receivable	$	16,749	$	(2,770)	$	(11)	$	13,968
Total accounts and notes receivable	$	67,801	$	(10,577)	$	10,790	$	68,014

1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2021, the Company collected $0.1 million of accounts receivables and notes receivables which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2019		Cumulative effect of ASC 326 adoption1		Write-Offs2		Bad Debt Expense		September 30, 2020
	(in thousands)
Accounts receivable	$	39,903	$	36,709	$	(16,871)	$	5,050	$	64,791
Notes receivable
Standard notes receivable	$	6,667	$	5,236	$	(1,974)	$	1,555	$	11,484
Elevated risk notes receivable	5,823		291		(447)		151		5,818
Total notes receivable	$	12,490	$	5,527	$	(2,421)	$	1,706	$	17,302
Total accounts and notes receivable	$	52,393	$	42,236	$	(19,292)	$	6,756	$	82,093

1.Represents the pre-tax one-time adjustment to the Company’s 2020 opening retained earnings balance in accordance with the adoption of the CECL accounting guidance.

2.Write-offs are shown net of recoveries. During the nine months ended September 30, 2020, the Company collected $0.9 million of accounts receivables which had previously been written-off as uncollectible.

Schedule of Cumulative Effect of Initially Applying New Guidance

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2019		Cumulative effect of ASC 326 adoption1		Write-Offs2		Bad Debt Expense		September 30, 2020
	(in thousands)
Accounts receivable	$	39,903	$	36,709	$	(16,871)	$	5,050	$	64,791
Notes receivable
Standard notes receivable	$	6,667	$	5,236	$	(1,974)	$	1,555	$	11,484
Elevated risk notes receivable	5,823		291		(447)		151		5,818
Total notes receivable	$	12,490	$	5,527	$	(2,421)	$	1,706	$	17,302
Total accounts and notes receivable	$	52,393	$	42,236	$	(19,292)	$	6,756	$	82,093

1.Represents the pre-tax one-time adjustment to the Company’s 2020 opening retained earnings balance in accordance with the adoption of the CECL accounting guidance.

2.Write-offs are shown net of recoveries. During the nine months ended September 30, 2020, the Company collected $0.9 million of accounts receivables which had previously been written-off as uncollectible.