Allowance for Doubtful Accounts (Tables)

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Schedule of 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 of June 30, 2023 and write-off activity for the six months ended June 30, 2023.

	Notes receivable
	Amortized cost basis by origination year
	2023		2022		2021		2020		2019		Prior		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	20,613	$	26,710	$	7,898	$	1,540	$	53	$	21,691	$	78,505
Elevated risk notes receivable	$	—	$	—	$	2,510	$	—	$	—	$	795	$	3,305
Current-period gross write-offs	$	—	$	101	$	—	$	—	$	—	$	53	$	154
Current-period recoveries	—		—		—		—		—		—		—
Current-period net write-offs	$	—	$	101	$	—	$	—	$	—	$	53	$	154

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, 2023.

	Age analysis of past-due notes receivable as of June 30, 2023
	0 - 90 Days		91 - 180 Days		Greater than 181 Days		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	3,269	$	2,253	$	4,510	$	10,032
Elevated risk notes receivable	205		136		795		1,136
	$	3,474	$	2,389	$	5,305	$	11,168

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, 2023 and 2022.

	Allowance for doubtful accounts
Portfolio Segment:	March 31, 2023		Write-Offs1		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 receivables which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	March 31, 2022		Write-Offs1		Bad Debt Expense		June 30, 2022
	(in thousands)
Accounts receivable	$	49,411	$	(707)	$	13,899	$	62,603
Notes receivable
Standard notes receivable	$	12,542	$	(55)	$	119	$	12,606
Elevated risk notes receivable	1,139		(483)		155		811
Total notes receivable	$	13,681	$	(538)	$	274	$	13,417
Total accounts and notes receivable	$	63,092	$	(1,245)	$	14,173	$	76,020

1.Write-offs are shown net of recoveries. During the three months ended June 30, 2022, the Company collected less than $0.1 million of accounts and notes 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 six months ended June 30, 2023 and 2022.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2022		Write-Offs1		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 $0.1 million of accounts and notes receivables which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2021		Write-Offs1		Bad Debt Expense		June 30, 2022
	(in thousands)
Accounts receivable	$	50,794	$	(6,050)	$	17,859	$	62,603
Notes receivable
Standard notes receivable	$	13,607	$	(55)	$	(946)	$	12,606
Elevated risk notes receivable	1,183		(483)		111		811
Total notes receivable	$	14,790	$	(538)	$	(835)	$	13,417
Total accounts and notes receivable	$	65,584	$	(6,588)	$	17,024	$	76,020

1.Write-offs are shown net of recoveries. During the six months ended June 30, 2022, the Company collected $0.2 million of accounts and notes 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 June 30, 2023 and 2022.

	Allowance for doubtful accounts
Portfolio Segment:	March 31, 2023		Write-Offs1		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 receivables which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	March 31, 2022		Write-Offs1		Bad Debt Expense		June 30, 2022
	(in thousands)
Accounts receivable	$	49,411	$	(707)	$	13,899	$	62,603
Notes receivable
Standard notes receivable	$	12,542	$	(55)	$	119	$	12,606
Elevated risk notes receivable	1,139		(483)		155		811
Total notes receivable	$	13,681	$	(538)	$	274	$	13,417
Total accounts and notes receivable	$	63,092	$	(1,245)	$	14,173	$	76,020

1.Write-offs are shown net of recoveries. During the three months ended June 30, 2022, the Company collected less than $0.1 million of accounts and notes 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 six months ended June 30, 2023 and 2022.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2022		Write-Offs1		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 $0.1 million of accounts and notes receivables which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2021		Write-Offs1		Bad Debt Expense		June 30, 2022
	(in thousands)
Accounts receivable	$	50,794	$	(6,050)	$	17,859	$	62,603
Notes receivable
Standard notes receivable	$	13,607	$	(55)	$	(946)	$	12,606
Elevated risk notes receivable	1,183		(483)		111		811
Total notes receivable	$	14,790	$	(538)	$	(835)	$	13,417
Total accounts and notes receivable	$	65,584	$	(6,588)	$	17,024	$	76,020

1.Write-offs are shown net of recoveries. During the six months ended June 30, 2022, the Company collected $0.2 million of accounts and notes receivables which had previously been written-off as uncollectible.