Notes Receivable and Allowance for Losses (Tables)

9 Months Ended

Sep. 30, 2013

Accounts and Notes Receivable, Net [Abstract]

Schedule Of Notes Receivable

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

	September 30, 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	$	—	$	27,548	$	27,548	$	—	$	27,549	$	27,549
Subordinated	—		14,841		14,841		—		15,019		15,019
Unsecured	19,018		1,812		20,830		16,235		1,265		17,500
Total notes receivable	19,018		44,201		63,219		16,235		43,833		60,068
Allowance for losses on non-impaired loans	1,902		1,443		3,345		1,623		638		2,261
Allowance for losses on receivables specifically evaluated for impairment	—		8,453		8,453		—		8,289		8,289
Total loan reserves	1,902		9,896		11,798		1,623		8,927		10,550
Net carrying value	$	17,116	$	34,305	$	51,421	$	14,612	$	34,906	$	49,518
Current portion, net	$	425	$	13,701	$	14,126	$	420	$	13,995	$	14,415
Long-term portion, net	16,691		20,604		37,295		14,192		20,911		35,103
Total	$	17,116	$	34,305	$	51,421	$	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 September 30, 2013:

	Forgivable Notes Receivable			Mezzanine & Other  Notes Receivable
	(In thousands)
Balance, December 31, 2012	$	1,623		$	8,927
Provisions	598			969
Recoveries	(25		)	—
Write-offs	(147		)	—
Other(1)	(147		)	—
Balance, September 30, 2013	$	1,902		$	9,896

(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  Notes Receivable
	($ in thousands)
As of September 30, 2013
Senior	$	9,500	$	—	$	9,500	$	18,048	$	27,548
Subordinated	—		10,268		10,268		4,573		14,841
Unsecured	—		47		47		1,765		1,812
	$	9,500	$	10,315	$	19,815	$	24,386	$	44,201
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 nine months ended September 30, 2013 is as follows:

	Accretable Yield ($ in thousands)
Balance, December 31, 2012	$	1,161
Additions	—
Accretion	(433		)
Disposals	—
Reclassifications from nonaccretable yield	—
Balance, September 30, 2013	$	728