Receivables

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Receivables

Receivables

Current Receivables, net

Current receivables, net is primarily comprised of contractual rents and other lease-related obligations due from tenants. The balance consisted of the following as of December 31, 2019 and 2018:

	December 31, 2019			December 31, 2018
	(in thousands)
Current receivables	$	27,660		$	24,815
Allowance for uncollectible tenant receivables (1)	(1,171		)	(4,639		)
Current receivables, net	$	26,489		$	20,176

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(1) Refer to Note 2 “Basis of Presentation and Significant Accounting Policies” for discussion of our accounting policies related to the allowance for uncollectible tenant receivables and Note 20 “Other Significant Transactions” for additional information regarding changes in our allowance for uncollectible tenant receivables.

Deferred Rent Receivables, net

Deferred rent receivables, net consisted of the following as of December 31, 2019 and 2018:

	December 31, 2019			December 31, 2018
	(in thousands)
Deferred rent receivables	$	339,489		$	270,346
Allowance for deferred rent receivables (1)	(1,552		)	(3,339		)
Deferred rent receivables, net	$	337,937		$	267,007

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(1)

Refer to Note 2 “Basis of Presentation and Significant Accounting Policies” for discussion of our accounting policies related to the allowance for deferred rent receivables and Note 20 “Other Significant Transactions” for additional information regarding changes in our allowance for deferred rent receivables.Other Significant Events

During the year ended December 31, 2019, we recorded a $2.9 million net increase in rental income on our consolidated statements of operations primarily due to a $4.2 million increase in revenue related to the improved credit quality of a tenant for which we previously recorded a bad debt reserve during the year ended December 31, 2018, partially offset by a $1.3 million decrease in revenue for other tenants with diminished credit quality during the year ended December 31, 2019.

During the year ended December 31, 2018, we recognized $5.7 million of provision for bad debts. The provision for bad debts was primarily due to a $7.0 million provision for one tenant recognized during the second quarter of 2018, partially offset by a $1.4 million decrease in the provision for bad debts for one lease due to the assignment of the lease to a credit tenant during the second quarter of 2018.