Receivables and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

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

Schedule of Notes Receivable

The following table summarizes the composition of the notes receivable balances by credit quality indicator and the allowance for credit losses:

(in thousands)	September 30, 2023		December 31, 2022
Senior	$	86,374	$	95,466
Subordinated	19,592		17,075
Unsecured	4,980		5,674
Total notes receivable	$	110,946	$	118,215
Less: allowance for credit losses	8,389		10,172
Total notes receivable, net of allowance for credit losses	$	102,557	$	108,043
Current portion, net of allowance for credit losses	$	52,726	$	52,466
Long-term portion, net of allowance for credit losses	$	49,831	$	55,577

Schedule of Financing Receivable Credit Quality Indicators

The following table summarizes the amortized cost basis of the notes receivable by the year of origination and credit quality indicator:

(in thousands)	2023		2022		2021		2020		2019		Prior		Total
Senior	$	—	$	—	$	—	$	—	$	29,083	$	57,291	$	86,374
Subordinated	3,493		—		1,994		—		—		14,105		19,592
Unsecured	—		215		1,292		903		208		2,362		4,980
Total notes receivable	$	3,493	$	215	$	3,286	$	903	$	29,291	$	73,758	$	110,946

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)	September 30, 2023		December 31, 2022
Beginning balance	$	10,172	$	16,779
Provision for credit losses	154		(938)
Recoveries	(1,937)		(5,669)
Ending balance	$	8,389	$	10,172

Schedule of Past Due Balances of Notes Receivable

The following table summarizes the past due balances by credit quality indicator of the notes receivable:

(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 September 30, 2023
Senior	$	—	$	—	$	44,283	$	44,283	$	42,091	$	86,374
Subordinated	—		—		271		271		19,321		19,592
Unsecured	—		—		400		400		4,580		4,980
	$	—	$	—	$	44,954	$	44,954	$	65,992	$	110,946
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