Allowance for Doubtful Accounts (Tables)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Schedule of Notes Receivable Disaggregated by Vintage Year

The following table presents the Company’s three tiers of notes receivable further disaggregated by year of origination as of September 30, 2024 and write-off activity for the nine months ended September 30, 2024.

	Notes receivable
	Amortized cost basis by origination year
	2024		2023		2022		2021		2020		Prior		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	12,870	$	5,127	$	18,377	$	438	$	—	$	—	$	36,812
Delinquent notes receivable	$	5,469	$	1,812	$	2,675	$	436	$	1,491	$	21,648	$	33,531
Elevated risk notes receivable	$	—	$	—	$	—	$	1,533	$	—	$	—	$	1,533
Current-period gross write-offs	$	—	$	—	$	41	$	3,024	$	—	$	28	$	3,093
Current-period recoveries	—		—		—		—		—		—		—
Current-period net write-offs	$	—	$	—	$	41	$	3,024	$	—	$	28	$	3,093

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, 2024.

	Age analysis of past-due notes receivable as of September 30, 2024
	0 - 90 Days		91 - 180 Days		Greater than 181 Days		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	974	$	—	$	—	$	974
Delinquent notes receivable	$	990	$	983	$	24,480	$	26,453
Elevated risk notes receivable	$	450	$	450	$	633	$	1,533
	$	2,414	$	1,433	$	25,113	$	28,960

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, 2024 and 2023.

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2024		Write-Offs1		Bad Debt Expense		September 30, 2024
	(in thousands)
Accounts receivable	$	103,693	$	(14,468)	$	1,151	$	90,376
Notes receivable
Standard notes receivable	$	2,987	$	—	$	579	$	3,566
Delinquent notes receivable	3,850		—		(786)		3,064
Elevated risk notes receivable	4,755		(3,024)		(739)		992
Total notes receivable	$	11,592	$	(3,024)	$	(946)	$	7,622
Total accounts and notes receivable	$	115,285	$	(17,492)	$	205	$	97,998

1.Write-offs are shown net of recoveries. During the three months ended September 30, 2024, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

	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 receivable 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, 2024 and 2023. Delinquent notes receivable were not considered a separate portfolio segment at December 31, 2023. The amount presented in the table below for the allowance for doubtful accounts for delinquent notes receivable was included within the standard notes receivable portfolio at December 31, 2023.

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 20231		Write-Offs2		Bad Debt Expense		September 30, 2024
	(in thousands)
Accounts receivable	$	80,819	$	(27,456)	$	37,013	$	90,376
Notes receivable
Standard notes receivable	$	3,510	$	—	$	56	$	3,566
Delinquent notes receivable	2,615		(69)		518		3,064
Elevated risk notes receivable	4,755		(3,024)		(739)		992
Total notes receivable	$	10,880	$	(3,093)	$	(165)	$	7,622
Total accounts and notes receivable	$	91,699	$	(30,549)	$	36,848	$	97,998

1.The December 31, 2023 balance includes transfers of $2.6 million from the standard notes receivable portfolio segment to the delinquent notes receivable portfolio segment.

2.Write-offs are shown net of recoveries. During the nine months ended September 30, 2024, the Company collected $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 20221		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 receivable 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, 2024 and 2023.

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2024		Write-Offs1		Bad Debt Expense		September 30, 2024
	(in thousands)
Accounts receivable	$	103,693	$	(14,468)	$	1,151	$	90,376
Notes receivable
Standard notes receivable	$	2,987	$	—	$	579	$	3,566
Delinquent notes receivable	3,850		—		(786)		3,064
Elevated risk notes receivable	4,755		(3,024)		(739)		992
Total notes receivable	$	11,592	$	(3,024)	$	(946)	$	7,622
Total accounts and notes receivable	$	115,285	$	(17,492)	$	205	$	97,998

1.Write-offs are shown net of recoveries. During the three months ended September 30, 2024, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

	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 receivable 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, 2024 and 2023. Delinquent notes receivable were not considered a separate portfolio segment at December 31, 2023. The amount presented in the table below for the allowance for doubtful accounts for delinquent notes receivable was included within the standard notes receivable portfolio at December 31, 2023.

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 20231		Write-Offs2		Bad Debt Expense		September 30, 2024
	(in thousands)
Accounts receivable	$	80,819	$	(27,456)	$	37,013	$	90,376
Notes receivable
Standard notes receivable	$	3,510	$	—	$	56	$	3,566
Delinquent notes receivable	2,615		(69)		518		3,064
Elevated risk notes receivable	4,755		(3,024)		(739)		992
Total notes receivable	$	10,880	$	(3,093)	$	(165)	$	7,622
Total accounts and notes receivable	$	91,699	$	(30,549)	$	36,848	$	97,998

1.The December 31, 2023 balance includes transfers of $2.6 million from the standard notes receivable portfolio segment to the delinquent notes receivable portfolio segment.

2.Write-offs are shown net of recoveries. During the nine months ended September 30, 2024, the Company collected $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 20221		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 receivable which had previously been written-off as uncollectible.