Allowance for Doubtful Accounts (Tables)

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Schedule of Notes Receivable Disaggregated by Vintage Year

The following table presents the Company’s three tiers of notes receivable as of and for the three months ended March 31, 2025 further disaggregated by year of origination, as well as write-off activity:

	Notes receivable
	Amortized cost basis by origination year
	2025		2024		2023		2022		2021		Prior		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	30,696	$	20,727	$	3,566	$	13,869	$	—	$	—	$	68,858
Delinquent notes receivable	$	—	$	173	$	1,641	$	1,810	$	671	$	21,876	$	26,171
Elevated risk notes receivable	$	—	$	—	$	1,538	$	—	$	—	$	1,491	$	3,029
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current-period recoveries	—		(295)		—		—		—		—		(295)
Current-period net write-offs	$	—	$	(295)	$	—	$	—	$	—	$	—	$	(295)

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 March 31, 2025:

	Age analysis of past-due notes receivable as of March 31, 2025
	0 - 90 Days		91 - 180 Days		Greater than 181 Days		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	349	$	—	$	—	$	349
Delinquent notes receivable1	608		382		23,791		24,781
Elevated risk notes receivable	150		225		2,654		3,029
	$	1,107	$	607	$	26,445	$	28,159

1.Included within the Delinquent notes receivable past-due balance is the entire balance of notes receivable due from Genesis.

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 March 31, 2025 and 2024, respectively:

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2024		Write-Offs1		Bad Debt Expense		March 31, 2025
	(in thousands)
Accounts receivable	$	87,520	$	(2,328)	$	1,906	$	87,098
Notes receivable
Standard notes receivable	$	5,096	$	295	$	(805)	$	4,586
Delinquent notes receivable	6,026		—		(13)		6,013
Elevated risk notes receivable	2,140		—		—		2,140
Total notes receivable	$	13,262	$	295	$	(818)	$	12,739
Total accounts and notes receivable	$	100,782	$	(2,033)	$	1,088	$	99,837

1.Write-offs are shown net of recoveries. During the three months ended March 31, 2025, the Company collected $0.3 million of accounts and notes receivable which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2023		Reclassifications1		Write-Offs2		Bad Debt Expense		March 31, 2024
	(in thousands)
Accounts receivable	$	80,819	$	—	$	(1,033)	$	4,301	$	84,087
Notes receivable
Standard notes receivable	$	6,125	$	(2,615)	$	—	$	(463)	$	3,047
Delinquent notes receivable	—		2,615		—		1,083		3,698
Elevated risk notes receivable	4,755		—		—		—		4,755
Total notes receivable	$	10,880	$	—	$	—	$	620	$	11,500
Total accounts and notes receivable	$	91,699	$	—	$	(1,033)	$	4,921	$	95,587

1.Delinquent notes receivable were identified as a new loss pool during the year ended December 31, 2024.

2.Write-offs are shown net of recoveries. During the three months ended March 31, 2024, the Company collected less than $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 March 31, 2025 and 2024, respectively:

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2024		Write-Offs1		Bad Debt Expense		March 31, 2025
	(in thousands)
Accounts receivable	$	87,520	$	(2,328)	$	1,906	$	87,098
Notes receivable
Standard notes receivable	$	5,096	$	295	$	(805)	$	4,586
Delinquent notes receivable	6,026		—		(13)		6,013
Elevated risk notes receivable	2,140		—		—		2,140
Total notes receivable	$	13,262	$	295	$	(818)	$	12,739
Total accounts and notes receivable	$	100,782	$	(2,033)	$	1,088	$	99,837

1.Write-offs are shown net of recoveries. During the three months ended March 31, 2025, the Company collected $0.3 million of accounts and notes receivable which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2023		Reclassifications1		Write-Offs2		Bad Debt Expense		March 31, 2024
	(in thousands)
Accounts receivable	$	80,819	$	—	$	(1,033)	$	4,301	$	84,087
Notes receivable
Standard notes receivable	$	6,125	$	(2,615)	$	—	$	(463)	$	3,047
Delinquent notes receivable	—		2,615		—		1,083		3,698
Elevated risk notes receivable	4,755		—		—		—		4,755
Total notes receivable	$	10,880	$	—	$	—	$	620	$	11,500
Total accounts and notes receivable	$	91,699	$	—	$	(1,033)	$	4,921	$	95,587

1.Delinquent notes receivable were identified as a new loss pool during the year ended December 31, 2024.

2.Write-offs are shown net of recoveries. During the three months ended March 31, 2024, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.