Notes Receivable and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2021

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

Schedule Of Notes Receivable

The composition of notes receivable balances based on the level of security credit quality indicator and the allowance for credit losses is as follows:

(in thousands)	March 31, 2021		December 31, 2020
Senior	$	105,333	$	104,716
Subordinated	33,672		33,234
Unsecured	1,550		1,367
Total notes receivable	140,555		139,317
Total allowance for notes receivable credit losses	19,618		19,484
Total notes receivable, net of allowance	$	120,937	$	119,833
Current portion, net of allowance	$	38,286	$	24,048
Long-term portion, net of allowance	$	82,651	$	95,785

Financing Receivable Credit Quality Indicators

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

(in thousands)	2021		2020		2019		Prior		Total
Senior	$	—	$	—	$	28,981	$	76,352	$	105,333
Subordinated	—		—		2,591		31,081		33,672
Unsecured	—		—		—		1,550		1,550
Total notes receivable	$	—	$	—	$	31,572	$	108,983	$	140,555

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:

(in thousands)	March 31, 2021		December 31, 2020
Beginning balance	$	19,484	$	4,556
Allowances established from adoption of Topic 326	—		8,348
Provision for credit losses	134		7,634
Write-offs	—		(1,054)
Ending balance	$	19,618	$	19,484

Past Due Balances Of Notes Receivable

The past due balances by credit quality indicator of notes receivable are as follows:

(in thousands)	30-89 days Past Due		> 90 days Past Due		Total Past Due		Current		Total  Notes Receivable
As of March 31, 2021
Senior	$	—	$	15,200	$	15,200	$	90,133	$	105,333
Subordinated	—		2,209		2,209		31,463		33,672
Unsecured	—		—		—		1,550		1,550
	$	—	$	17,409	$	17,409	$	123,146	$	140,555
As of December 31, 2020
Senior	$	—	$	15,200	$	15,200	$	89,516	$	104,716
Subordinated	—		2,209		2,209		31,025		33,234
Unsecured	—		—		—		1,367		1,367
	$	—	$	17,409	$	17,409	$	121,908	$	139,317