Allowance for Doubtful Accounts (Tables)

9 Months Ended

Sep. 30, 2025

Receivables [Abstract]

Schedule of Notes Receivable Disaggregated by Vintage Year

The following table presents the Company’s four tiers of notes receivable as of and for the nine months ended September 30, 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	$	35,065	$	11,468	$	2,967	$	4,931	$	—	$	—	$	54,431
Delinquent notes receivable	$	547	$	164	$	691	$	1,811	$	405	$	—	$	3,618
Genesis notes receivable	$	—	$	—	$	—	$	—	$	—	$	20,410	$	20,410
Elevated risk notes receivable	$	—	$	—	$	1,538	$	—	$	—	$	1,491	$	3,029
Current-period gross write-offs	$	—	$	6	$	326	$	—	$	121	$	—	$	453
Current-period recoveries	—		(278)		—		—		—		—		(278)
Current-period net write-offs	$	—	$	(272)	$	326	$	—	$	121	$	—	$	175

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, 2025:

	Age analysis of past-due notes receivable as of September 30, 2025
	0 - 90 Days		91 - 180 Days		Greater than 181 Days		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	43	$	15	$	—	$	58
Delinquent notes receivable	144		344		2,506		2,994
Genesis notes receivable	—		—		20,410		20,410
Elevated risk notes receivable	—		—		3,029		3,029
	$	187	$	359	$	25,945	$	26,491

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, 2025 and 2024, respectively:

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2025		Write-Offs1		Bad Debt Expense		September 30, 2025
	(in thousands)
Accounts receivable
Aged accounts receivable	$	64,743	$	(816)	$	4,172	$	68,099
Genesis accounts receivable	47,728		—		2,710		50,438
Total accounts receivable	$	112,471	$	(816)	$	6,882	$	118,537
Notes receivable
Standard notes receivable	$	5,621	$	(454)	$	(1,211)	$	3,956
Delinquent notes receivable	1,072		—		(40)		1,032
Genesis notes receivable	20,410		—		—		20,410
Elevated risk notes receivable	2,310		—		—		2,310
Total notes receivable	$	29,413	$	(454)	$	(1,251)	$	27,708
Total accounts and notes receivable	$	141,884	$	(1,270)	$	5,631	$	146,245

1.Write-offs are shown net of recoveries. During the three months ended September 30, 2025, 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, 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.

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, 2025 and 2024, respectively:

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2024		Reclassifications1		Write-Offs2		Bad Debt Expense		September 30, 2025
	(in thousands)
Accounts receivable
Aged accounts receivable	$	87,520	$	(1,651)	$	(33,374)	$	15,604	$	68,099
Genesis accounts receivable	—		1,651		—		48,787		50,438
Total accounts receivable	$	87,520	$	—	$	(33,374)	$	64,391	$	118,537
Notes receivable
Standard notes receivable	$	5,096	$	—	$	278	$	(1,418)	$	3,956
Delinquent notes receivable	6,026		(5,176)		(453)		635		1,032
Genesis notes receivable	—		5,176		—		15,234		20,410
Elevated risk notes receivable	2,140		—		—		170		2,310
Total notes receivable	$	13,262	$	—	$	(175)	$	14,621	$	27,708
Total accounts and notes receivable	$	100,782	$	—	$	(33,549)	$	79,012	$	146,245

1.Reclassifications include only reserve balances moved to new risk portfolios during the nine months ended September 30, 2025.

2.Write-offs are shown net of recoveries. During the nine months ended September 30, 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		Write-Offs1		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.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.

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, 2025 and 2024, respectively:

	Allowance for doubtful accounts
Portfolio Segment:	June 30, 2025		Write-Offs1		Bad Debt Expense		September 30, 2025
	(in thousands)
Accounts receivable
Aged accounts receivable	$	64,743	$	(816)	$	4,172	$	68,099
Genesis accounts receivable	47,728		—		2,710		50,438
Total accounts receivable	$	112,471	$	(816)	$	6,882	$	118,537
Notes receivable
Standard notes receivable	$	5,621	$	(454)	$	(1,211)	$	3,956
Delinquent notes receivable	1,072		—		(40)		1,032
Genesis notes receivable	20,410		—		—		20,410
Elevated risk notes receivable	2,310		—		—		2,310
Total notes receivable	$	29,413	$	(454)	$	(1,251)	$	27,708
Total accounts and notes receivable	$	141,884	$	(1,270)	$	5,631	$	146,245

1.Write-offs are shown net of recoveries. During the three months ended September 30, 2025, 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, 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.

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, 2025 and 2024, respectively:

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 2024		Reclassifications1		Write-Offs2		Bad Debt Expense		September 30, 2025
	(in thousands)
Accounts receivable
Aged accounts receivable	$	87,520	$	(1,651)	$	(33,374)	$	15,604	$	68,099
Genesis accounts receivable	—		1,651		—		48,787		50,438
Total accounts receivable	$	87,520	$	—	$	(33,374)	$	64,391	$	118,537
Notes receivable
Standard notes receivable	$	5,096	$	—	$	278	$	(1,418)	$	3,956
Delinquent notes receivable	6,026		(5,176)		(453)		635		1,032
Genesis notes receivable	—		5,176		—		15,234		20,410
Elevated risk notes receivable	2,140		—		—		170		2,310
Total notes receivable	$	13,262	$	—	$	(175)	$	14,621	$	27,708
Total accounts and notes receivable	$	100,782	$	—	$	(33,549)	$	79,012	$	146,245

1.Reclassifications include only reserve balances moved to new risk portfolios during the nine months ended September 30, 2025.

2.Write-offs are shown net of recoveries. During the nine months ended September 30, 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		Write-Offs1		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.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.