Receivables and Allowance for Doubtful Accounts (Tables)

12 Months Ended

Dec. 31, 2023

Receivables and Allowance for Doubtful Accounts [Abstract]

Receivables

Receivables consist of the following:

	December 31,
(in thousands)	2023		2022
Installment sales receivable	$	62,901	$	69,550
Trade and notes receivables(1)	62,358		55,529
Total receivables	125,259		125,079
Less allowance for doubtful accounts(2)	(14,254)		(13,214)
Total receivables, net of allowance for doubtful accounts	$	111,005	$	111,865

(1) Trade and notes receivables includes accrued revenue, adjusted for the probability of collection, related to our lease-to-own agreements of $36.8 million and $28.7 million at December 31, 2023 and 2022.

(2) Lease receivables are accrued on a net basis, adjusted for the probability of collection based on our assessment of historical collection rates, as described above. Therefore, we do not maintain a separate allowance for doubtful accounts related to our lease receivables.

Allowance for Doubtful Accounts

Changes in our allowance for doubtful accounts are as follows:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Beginning allowance for doubtful accounts	$	13,214	$	8,479	$	8,047
Estimated uncollectible payments and returns(1)	25,869		24,658		14,397
Accounts written off, net of recoveries	(24,829)		(19,923)		(13,965)
Ending allowance for doubtful accounts	$	14,254	$	13,214	$	8,479

(1) Uncollectible installment payments, franchisee obligations, and other corporate receivables are recognized in other store operating expenses in our consolidated financial statements.