Receivables and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

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)	March 31, 2024		December 31, 2023
Senior	$	87,055	$	85,919
Subordinated	16,339		17,004
Unsecured	4,610		5,359
Total notes receivable	$	108,004	$	108,282
Less: allowance for credit losses	8,656		8,616
Total notes receivable, net of allowance for credit losses	$	99,348	$	99,666
Current portion, net of allowance for credit losses	$	22,012	$	20,766
Long-term portion, net of allowance for credit losses	$	77,336	$	78,900

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)	2024		2023		2022		2021		2020		Prior		Total
Senior	$	945	$	—	$	—	$	—	$	—	$	86,110	$	87,055
Subordinated	—		3,497		—		—		—		12,842		16,339
Unsecured	—		—		194		1,291		856		2,269		4,610
Total notes receivable	$	945	$	3,497	$	194	$	1,291	$	856	$	101,221	$	108,004

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, 2024		December 31, 2023
Beginning balance	$	8,616	$	10,172
Provision for credit losses	690		763
Recoveries	(650)		(2,319)
Ending balance	$	8,656	$	8,616

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 March 31, 2024
Senior	$	—	$	—	$	15,200	$	15,200	$	71,855	$	87,055
Subordinated	—		—		2,936		2,936		13,403		16,339
Unsecured	—		—		400		400		4,210		4,610
	$	—	$	—	$	18,536	$	18,536	$	89,468	$	108,004
As of December 31, 2023
Senior	$	—	$	—	$	15,200	$	15,200	$	70,719	$	85,919
Subordinated	—		2,936		—		2,936		14,068		17,004
Unsecured	—		—		400		400		4,959		5,359
	$	—	$	2,936	$	15,600	$	18,536	$	89,746	$	108,282