Notes Receivable and Allowance for Losses (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016	(in thousands)
Senior	$	—	$	—	$	—	$	61,482	$	61,482
Subordinated	—		—		—		9,336		9,336
Unsecured	—		—		—		3,618		3,618
	$	—	$	—	$	—	$	74,436	$	74,436
As of December 31, 2015
Senior	$	—	$	—	$	—	$	40,388	$	40,388
Subordinated	—		—		—		6,197		6,197
Unsecured	—		—		—		3,526		3,526
	$	—	$	—	$	—	$	50,111	$	50,111

Schedule of notes receivable

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

	December 31, 2016						December 31, 2015
	(in thousands)
Credit Quality Indicator	Forgivable Notes Receivable		Mezzanine & Other Notes Receivable		Total		Forgivable Notes Receivable		Mezzanine & Other Notes Receivable		Total
Senior	$	—	$	61,482	$	61,482	$	—	$	40,388	$	40,388
Subordinated	—		9,336		9,336		—		6,197		6,197
Unsecured	51,475		3,618		55,093		44,333		3,526		47,859
Total notes receivable	51,475		74,436		125,911		44,333		50,111		94,444
Allowance for losses on non-impaired loans	5,013		1,647		6,660		4,615		1,364		5,979
Allowance for losses on receivables specifically evaluated for impairment	—		770		770		—		786		786
Total loan reserves	5,013		2,417		7,430		4,615		2,150		6,765
Net carrying value	$	46,462	$	72,019	$	118,481	$	39,718	$	47,961	$	87,679
Current portion, net	$	333	$	7,540	$	7,873	$	143	$	4,964	$	5,107
Long-term portion, net	46,129		64,479		110,608		39,575		42,997		82,572
Total	$	46,462	$	72,019	$	118,481	$	39,718	$	47,961	$	87,679

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, 2016 and 2015:

	Year ended December 31, 2016						Year ended December 31, 2015
	Forgivable Notes Receivable			Mezzanine & Other  Notes Receivable			Forgivable Notes Receivable			Mezzanine & Other  Notes Receivable
	(in thousands)
Beginning balance	$	4,615		$	2,150		$	3,661		$	2,326
Provisions	1,458			861			1,742			—
Recoveries	(96		)	(164		)	(739		)	(176		)
Write-offs	(666		)	(430		)	(752		)	—
Other(1)	(298		)	—			703			—
Ending balance	$	5,013		$	2,417		$	4,615		$	2,150

⁽¹⁾ Consists of default rate assumption changes and changes in foreign exchange rates