Notes Receivable and Allowance for Losses (Tables)

3 Months Ended

Mar. 31, 2013

Accounts and Notes Receivable, Net [Abstract]

Schedule Of Notes Receivable

The following table shows the composition of our notes receivable balances:

	March 31, 2013						December 31, 2012
	($ in thousands)						($ in thousands)
Credit Quality Indicator	Forgivable Notes Receivable		Mezzanine & Other Notes Receivable		Total		Forgivable Notes Receivable		Mezzanine & Other Notes Receivable		Total
Senior	$	—	$	27,842	$	27,842	$	—	$	27,549	$	27,549
Subordinated	—		15,020		15,020		—		15,019		15,019
Unsecured	16,950		1,822		18,772		16,235		1,265		17,500
Total notes receivable	16,950		44,684		61,634		16,235		43,833		60,068
Allowance for losses on non-impaired loans	1,695		1,303		2,998		1,623		638		2,261
Allowance for losses on receivables specifically evaluated for impairment	—		8,288		8,288		—		8,289		8,289
Total loan reserves	1,695		9,591		11,286		1,623		8,927		10,550
Net carrying value	$	15,255	$	35,093	$	50,348	$	14,612	$	34,906	$	49,518
Current portion, net	$	561	$	14,362	$	14,923	$	420	$	13,995	$	14,415
Long-term portion, net	14,694		20,731		35,425		14,192		20,911		35,103
Total	$	15,255	$	35,093	$	50,348	$	14,612	$	34,906	$	49,518

Summary Of Activity Related To Allowance For Losses

The following table summarizes the activity related to the Company’s Forgivable Notes Receivable and Mezzanine and Other Notes Receivable allowance for losses from December 31, 2012 through March 31, 2013:

	Forgivable Notes Receivable			Mezzanine & Other  Notes Receivable
	(In thousands)
Balance, December 31, 2012	$	1,623		$	8,927
Provisions	165			664
Recoveries	—			—
Write-offs	(6		)	—
Other(1)	(87		)	—
Balance, March 31, 2013	$	1,695		$	9,591

(1) Consists of default rate assumption changes

Past Due Balances Of Mezzanine And Other Notes Receivable

Past due balances of mezzanine and other notes receivable by credit quality indicators are as follows:

	30-89 days Past Due		> 90 days Past Due		Total Past Due		Current		Total Receivables
	($ in thousands)
As of March 31, 2013
Senior	$	—	$	—	$	—	$	27,842	$	27,842
Subordinated	162		9,629		9,791		5,229		15,020
Unsecured	—		47		47		1,775		1,822
	$	162	$	9,676	$	9,838	$	34,846	$	44,684
As of December 31, 2012
Senior	$	—	$	—	$	—	$	27,549	$	27,549
Subordinated	619		9,629		10,248		4,771		15,019
Unsecured	—		47		47		1,218		1,265
	$	619	$	9,676	$	10,295	$	33,538	$	43,833

Accretable Yield Reconciliation

The Company's accretable yield at acquisition was $1.8 million or 7.36% and a reconciliation of the accretable yield for the three months ended March 31, 2013 is as follows:

	Accretable Yield ($ in thousands)
Balance, December 31, 2012	$	1,161
Additions	—
Accretion	(141		)
Disposals	—
Reclassifications from nonaccretable yield	—
Balance, March 31, 2013	$	1,020