Allowance for Doubtful Accounts (Tables)

9 Months Ended

Sep. 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 September 30, 2023 and write-off activity for the nine months ended September 30, 2023.

	Notes receivable
	Amortized cost basis by origination year
	2023		2022		2021		2020		2019		Prior		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	20,657	$	27,457	$	2,943	$	1,537	$	53	$	21,031	$	73,678
Elevated risk notes receivable	$	—	$	—	$	7,190	$	—	$	—	$	—	$	7,190
Current-period gross write-offs	$	—	$	189	$	—	$	—	$	—	$	2,346	$	2,535
Current-period recoveries	—		—		—		—		—		—		—
Current-period net write-offs	$	—	$	189	$	—	$	—	$	—	$	2,346	$	2,535

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 September 30, 2023.

	Age analysis of past-due notes receivable as of September 30, 2023
	0 - 90 Days		91 - 180 Days		Greater than 181 Days		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	4,059	$	1,196	$	5,837	$	11,092
Elevated risk notes receivable	569		569		379		1,517
	$	4,628	$	1,765	$	6,216	$	12,609

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, 2023 and 2022.

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2023		Write-Offs1		Bad Debt Expense		September 30, 2023
	(in thousands)
Accounts receivable	$	70,420	$	(1,039)	$	9,648	$	79,029
Notes receivable
Standard notes receivable	$	7,008	$	(1,529)	$	1,208	$	6,687
Elevated risk notes receivable	2,234		(793)		3,314		4,755
Total notes receivable	$	9,242	$	(2,322)	$	4,522	$	11,442
Total accounts and notes receivable	$	79,662	$	(3,361)	$	14,170	$	90,471

1.Write-offs are shown net of recoveries. During the three months ended September 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:	June 30, 2022		Write-Offs1		Bad Debt Expense		September 30, 2022
	(in thousands)
Accounts receivable	$	62,603	$	(5,145)	$	7,863	$	65,321
Notes receivable
Standard notes receivable	$	12,606	$	(6,718)	$	(1,545)	$	4,343
Elevated risk notes receivable	811		—		—		811
Total notes receivable	$	13,417	$	(6,718)	$	(1,545)	$	5,154
Total accounts and notes receivable	$	76,020	$	(11,863)	$	6,318	$	70,475

1.Write-offs are shown net of recoveries. During the three months ended September 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 nine months ended September 30, 2023 and 2022.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2022		Write-Offs1		Bad Debt Expense		September 30, 2023
	(in thousands)
Accounts receivable	$	66,601	$	(12,798)	$	25,226	$	79,029
Notes receivable
Standard notes receivable	$	6,052	$	(1,689)	$	2,324	$	6,687
Elevated risk notes receivable	811		(846)		4,790		4,755
Total notes receivable	$	6,863	$	(2,535)	$	7,114	$	11,442
Total accounts and notes receivable	$	73,464	$	(15,333)	$	32,340	$	90,471

1.Write-offs are shown net of recoveries. During the nine months ended September 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		September 30, 2022
	(in thousands)
Accounts receivable	$	50,794	$	(11,195)	$	25,722	$	65,321
Notes receivable
Standard notes receivable	$	13,607	$	(6,773)	$	(2,491)	$	4,343
Elevated risk notes receivable	1,183		(483)		111		811
Total notes receivable	$	14,790	$	(7,256)	$	(2,380)	$	5,154
Total accounts and notes receivable	$	65,584	$	(18,451)	$	23,342	$	70,475

1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2022, the Company collected $0.2 million of accounts and notes receivables which had previously been written-off as uncollectible. Adjustments include a reduction of $8.0 million of allowance for doubtful accounts which related to a customer concession granted during the nine months ended September 30, 2022.

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, 2023 and 2022.

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2023		Write-Offs1		Bad Debt Expense		September 30, 2023
	(in thousands)
Accounts receivable	$	70,420	$	(1,039)	$	9,648	$	79,029
Notes receivable
Standard notes receivable	$	7,008	$	(1,529)	$	1,208	$	6,687
Elevated risk notes receivable	2,234		(793)		3,314		4,755
Total notes receivable	$	9,242	$	(2,322)	$	4,522	$	11,442
Total accounts and notes receivable	$	79,662	$	(3,361)	$	14,170	$	90,471

1.Write-offs are shown net of recoveries. During the three months ended September 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:	June 30, 2022		Write-Offs1		Bad Debt Expense		September 30, 2022
	(in thousands)
Accounts receivable	$	62,603	$	(5,145)	$	7,863	$	65,321
Notes receivable
Standard notes receivable	$	12,606	$	(6,718)	$	(1,545)	$	4,343
Elevated risk notes receivable	811		—		—		811
Total notes receivable	$	13,417	$	(6,718)	$	(1,545)	$	5,154
Total accounts and notes receivable	$	76,020	$	(11,863)	$	6,318	$	70,475

1.Write-offs are shown net of recoveries. During the three months ended September 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 nine months ended September 30, 2023 and 2022.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2022		Write-Offs1		Bad Debt Expense		September 30, 2023
	(in thousands)
Accounts receivable	$	66,601	$	(12,798)	$	25,226	$	79,029
Notes receivable
Standard notes receivable	$	6,052	$	(1,689)	$	2,324	$	6,687
Elevated risk notes receivable	811		(846)		4,790		4,755
Total notes receivable	$	6,863	$	(2,535)	$	7,114	$	11,442
Total accounts and notes receivable	$	73,464	$	(15,333)	$	32,340	$	90,471

1.Write-offs are shown net of recoveries. During the nine months ended September 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		September 30, 2022
	(in thousands)
Accounts receivable	$	50,794	$	(11,195)	$	25,722	$	65,321
Notes receivable
Standard notes receivable	$	13,607	$	(6,773)	$	(2,491)	$	4,343
Elevated risk notes receivable	1,183		(483)		111		811
Total notes receivable	$	14,790	$	(7,256)	$	(2,380)	$	5,154
Total accounts and notes receivable	$	65,584	$	(18,451)	$	23,342	$	70,475

1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2022, the Company collected $0.2 million of accounts and notes receivables which had previously been written-off as uncollectible. Adjustments include a reduction of $8.0 million of allowance for doubtful accounts which related to a customer concession granted during the nine months ended September 30, 2022.