Notes Receivable and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 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)	September 30, 2020		December 31, 2019
Senior	$	105,592	$	98,545
Subordinated	32,667		32,153
Unsecured	1,453		2,316
Total notes receivable	139,712		133,014
Total allowance for notes receivable credit losses	16,295		4,556
Total notes receivable, net of allowance	$	123,417	$	128,458
Current portion, net of allowance	$	25,608	$	25,404
Long-term portion, net of allowance	$	97,809	$	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	$	—	$	28,297	$	15,432	$	61,863	$	105,592
Subordinated	—		2,439		10,981		19,247		32,667
Unsecured	—		—		537		916		1,453
Total notes receivable	$	—	$	30,736	$	26,950	$	82,026	$	139,712

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 nine months ended September 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)	September 30, 2020			December 31, 2019
Beginning balance	$	4,556		$	4,685
Reserves established from adoption of Topic 326	8,348			—
Provision for credit losses	4,302			—
Write-offs	(911		)	(129		)
Ending balance	$	16,295		$	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 September 30, 2020
Senior	$	—	$	15,432	$	15,432	$	90,160	$	105,592
Subordinated	—		2,209		2,209		30,458		32,667
Unsecured	—		—		—		1,453		1,453
	$	—	$	17,641	$	17,641	$	122,071	$	139,712
As of December 31, 2019
Senior	$	—	$	—	$	—	$	98,545	$	98,545
Subordinated	—		—		—		32,153		32,153
Unsecured	—		—		—		2,316		2,316
	$	—	$	—	$	—	$	133,014	$	133,014