Notes Receivable and Allowance for Losses (Tables)

3 Months Ended

Mar. 31, 2015

Notes Receivable and Allowance for Losses [Line Items]

Schedule Of Notes Receivable

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

	March 31, 2015						December 31, 2014
	(in thousands)						(in thousands)
Credit Quality Indicator	Forgivable Notes Receivable		Mezzanine & Other Notes Receivable		Total		Forgivable Notes Receivable		Mezzanine & Other Notes Receivable		Total
Senior	$	—	$	10,152	$	10,152	$	—	$	10,152	$	10,152
Subordinated	—		3,844		3,844		—		3,863		3,863
Unsecured	41,558		3,888		45,446		32,379		3,995		36,374
Total notes receivable	41,558		17,884		59,442		32,379		18,010		50,389
Allowance for losses on non-impaired loans	4,399		1,510		5,909		3,661		1,540		5,201
Allowance for losses on receivables specifically evaluated for impairment	—		786		786		—		786		786
Total loan reserves	4,399		2,296		6,695		3,661		2,326		5,987
Net carrying value	$	37,159	$	15,588	$	52,747	$	28,718	$	15,684	$	44,402
Current portion, net	$	162	$	3,804	$	3,966	$	124	$	3,837	$	3,961
Long-term portion, net	36,997		11,784		48,781		28,594		11,847		40,441
Total	$	37,159	$	15,588	$	52,747	$	28,718	$	15,684	$	44,402

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 for the three months ended March 31,2015:

	Forgivable Notes Receivable			Mezzanine & Other  Notes Receivable
	(in thousands)
Beginning balance	$	3,661		$	2,326
Provisions	952			—
Recoveries	(194		)	(30		)
Write-offs	(149		)	—
Other(1)	129			—
Ending balance	$	4,399		$	2,296

(1) Consists of default rate assumption changes

Forgivable Notes Receivable [Member]

Notes Receivable and Allowance for Losses [Line Items]

Past Due Balances Of Notes Receivable

Past due balances of forgivable notes receivable are as follows:

	30-89 days Past Due		> 90 days Past Due		Total Past Due		Current		Total  Notes Receivable
	(in thousands)
As of March 31, 2015
Forgivable Notes	$	—	$	1,168	$	1,168	$	40,390	$	41,558
	$	—	$	1,168	$	1,168	$	40,390	$	41,558
As of December 31, 2014
Forgivable Notes	$	—	$	1,227	$	1,227	$	31,152	$	32,379
	$	—	$	1,227	$	1,227	$	31,152	$	32,379

Mezzanine & Other Notes Receivable [Member]

Notes Receivable and Allowance for Losses [Line Items]

Past Due Balances Of 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 March 31, 2015
Senior	$	—	$	—	$	—	$	10,152	$	10,152
Subordinated	3,359		—		3,359		485		3,844
Unsecured	—		47		47		3,841		3,888
	$	3,359	$	47	$	3,406	$	14,478	$	17,884
As of December 31, 2014
Senior	$	—	$	—	$	—	$	10,152	$	10,152
Subordinated	—		—		—		3,863		3,863
Unsecured	—		47		47		3,948		3,995
	$	—	$	47	$	47	$	17,963	$	18,010