Notes Receivable And Allowance For Losses (Tables)

12 Months Ended

Dec. 31, 2013

Accounts and Notes Receivable, Net [Abstract]

Past due balances of mezzanine and other notes receivable by credit quality indicators

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 Mezzanine and Other Notes Receivables
As of December 31, 2013	(In thousands)
Senior	$	—	$	—	$	—	$	18,052	$	18,052
Subordinated	—		9,629		9,629		4,523		14,152
Unsecured	—		47		47		3,358		3,405
	$	—	$	9,676	$	9,676	$	25,933	$	35,609
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 year ended December 31, 2013 and 2012 is as follows:

	Year Ended December 31, 2013			Year Ended December 31, 2012
	(In thousands)
Balance, Beginning of Year	$	1,161		$	1,793
Additions	—			—
Accretion	(579		)	(632		)
Disposals	—			—
Reclassifications from nonaccretable yield	—			—
Balance, End of Year	$	582		$	1,161

Schedule of notes receivable

A summary of the Company's notes receivable and related allowances are as follows:

	December 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	$	—	$	18,052	$	18,052	$	—	$	27,549	$	27,549
Subordinated	—		14,152		14,152		—		15,019		15,019
Unsecured	20,625		3,405		24,030		16,235		1,265		17,500
Total notes receivable	20,625		35,609		56,234		16,235		43,833		60,068
Allowance for losses on non-impaired loans	1,650		1,607		3,257		1,623		638		2,261
Allowance for losses on receivables specifically evaluated for impairment	—		8,289		8,289		—		8,289		8,289
Total loan reserves	1,650		9,896		11,546		1,623		8,927		10,550
Net carrying value	$	18,975	$	25,713	$	44,688	$	14,612	$	34,906	$	49,518
Current portion, net	$	361	$	12,455	$	12,816	$	420	$	13,995	$	14,415
Long-term portion, net	18,614		13,258		31,872		14,192		20,911		35,103
Total	$	18,975	$	25,713	$	44,688	$	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 & Other Notes Receivable allowance for losses for the years ended December 31, 2013 and 2012:

	Year Ended December 31, 2013					Year Ended December 31, 2012
	Forgivable Notes Receivable			Mezzanine & Other  Notes Receivable		Forgivable Notes Receivable			Mezzanine & Other  Notes Receivable
	(In thousands)
Beginning balance	$	1,623		$	8,927	$	795		$	8,433
Provisions	699			969		1,144			591
Recoveries	(9		)	—		(33		)	(97		)
Write-offs	(115		)	—		(213		)	—
Other(1)	(548		)	—		(70		)	—
Ending balance	$	1,650		$	9,896	$	1,623		$	8,927

⁽¹⁾ Consists of default rate assumption changes