Receivables and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2023

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

Schedule of Notes Receivable

The composition of notes receivable balances by credit quality indicator and the allowance for credit losses is as follows:

(in thousands)	March 31, 2023		December 31, 2022
Senior	$	98,339	$	95,466
Subordinated	16,577		17,075
Unsecured	4,917		5,674
Total notes receivable	119,833		118,215
Total allowance for notes receivable credit losses	10,358		10,172
Total notes receivable, net of allowance	$	109,475	$	108,043
Current portion, net of allowance	$	53,093	$	52,466
Long-term portion, net of allowance	$	56,382	$	55,577

Schedule of Financing Receivable Credit Quality Indicators

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

(in thousands)	2023		2022		2021		2020		2019		Prior		Total
Senior	$	3,480	$	—	$	8,018	$	—	$	28,819	$	58,022	$	98,339
Subordinated	—		—		—		—		—		16,577		16,577
Unsecured	—		390		1,288		953		203		2,083		4,917
Total notes receivable	$	3,480	$	390	$	9,306	$	953	$	29,022	$	76,682	$	119,833

Schedule of Financing Receivable, Allowance for Credit Loss

The following table summarizes the activity related to the Company’s notes receivable allowance for credit losses:

(in thousands)	March 31, 2023		December 31, 2022
Beginning balance	$	10,172	$	16,779
Provision for credit losses	342		(938)
Write-offs	(156)		(5,669)
Ending balance	$	10,358	$	10,172

Schedule of Past Due Balances of Notes Receivable

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

(in thousands)	1- 30 days Past Due		31-89 days Past Due		> 90 days Past Due		Total Past Due		Current		Total  Notes Receivable
As of March 31, 2023
Senior	$	—	$	12,897	$	15,200	$	28,097	$	70,242	$	98,339
Subordinated	—		—		2,053		2,053		14,524		16,577
Unsecured	—		—		400		400		4,517		4,917
	$	—	$	12,897	$	17,653	$	30,550	$	89,283	$	119,833
As of December 31, 2022
Senior	$	—	$	15,200	$	—	$	15,200	$	80,266	$	95,466
Subordinated	—		—		2,209		2,209		14,866		17,075
Unsecured	20		40		40		99		5,575		5,674
	$	20	$	15,240	$	2,249	$	17,508	$	100,707	$	118,215