Notes Receivable and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2020

Accounts and Financing Receivable, after Allowance for Credit Loss [Abstract]

Schedule Of Notes Receivable

The following table shows the composition of the Company's notes receivable balances based on the level of security credit quality indicator:

(in thousands)	June 30, 2020		December 31, 2019
Senior	$	107,968	$	98,545
Subordinated	33,284		32,153
Unsecured	2,447		2,316
Total notes receivable	143,699		133,014
Total allowance for notes receivable credit losses	15,850		4,556
Total notes receivable, net of allowance	$	127,849	$	128,458
Current portion, net of allowance	$	29,914	$	25,404
Long-term portion, net of allowance	$	97,935	$	103,054

Financing Receivable Credit Quality Indicators

Amortized cost basis by year of origination and level of security credit quality indicator are as follows:

(in thousands)	2020		2019		2018		Prior		Total
Senior	$	—	$	25,847	$	20,664	$	61,457	$	107,968
Subordinated	—		2,364		11,785		19,135		33,284
Unsecured	—		—		621		1,826		2,447
Total notes receivable	$	—	$	28,211	$	33,070	$	82,418	$	143,699

Financing Receivable, Allowance for Credit Loss

The following table summarizes the activity related to the Company’s notes receivable allowance for credit losses, including the impacts of adopting Topic 326. The provisions recorded in the six months ended June 30, 2020 reflect the increased likelihood of adverse outcomes on loans to borrowers with contemplation to impacts of the COVID-19 pandemic and estimates of other expected credit losses.

(in thousands)	June 30, 2020		December 31, 2019
Beginning balance	$	4,556	$	4,685
Reserves established from adoption of Topic 326	8,348		—
Provision for credit losses	2,946		—
Write-offs	—		(129		)
Ending balance	$	15,850	$	4,556

Past Due Balances Of Notes Receivable

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

(in thousands)	30-89 days Past Due		> 90 days Past Due		Total Past Due		Current		Total  Notes Receivable
As of June 30, 2020
Senior	$	15,664	$	—	$	15,664	$	92,304	$	107,968
Subordinated	—		2,209		2,209		31,075		33,284
Unsecured	—		—		—		2,447		2,447
	$	15,664	$	2,209	$	17,873	$	125,826	$	143,699
As of December 31, 2019
Senior	$	—	$	—	$	—	$	98,545	$	98,545
Subordinated	—		—		—		32,153		32,153
Unsecured	—		—		—		2,316		2,316
	$	—	$	—	$	—	$	133,014	$	133,014