XML 12 R50.htm IDEA: XBRL DOCUMENT v3.20.1
Current Expected Credit Losses (CECL) (Tables)
3 Months Ended
Mar. 31, 2020
Credit Loss [Abstract]  
Schedule of Portfolio Segment by Class of Financing Receivables, Credit Quality Indicator and Origination Year

The below table presents portfolio segmentation of the Company’s receivables disaggregated by credit quality indicators and origination periods as of March 31, 2020 (in thousands):

 

 

 

 

Amortized Cost Basis by Origination Year and Past-Due Status

 

 

 

Total

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

Prior

 

Accrued commissions receivable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Past-due status:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 1 year

 

$

371,270

 

 

$

272,074

 

 

$

99,196

 

 

$

 

 

$

 

 

$

 

1 year - less than 2 years

 

 

34,468

 

 

 

 

 

 

14,183

 

 

 

20,285

 

 

 

 

 

 

 

2 years and greater

 

 

16,156

 

 

 

 

 

 

 

 

 

5,114

 

 

 

6,878

 

 

 

4,164

 

Total Accrued commissions receivable

 

$

421,894

 

 

$

272,074

 

 

$

113,379

 

 

$

25,399

 

 

$

6,878

 

 

$

4,164

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee-related receivables

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Past-due status:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 1 year

 

$

3,009

 

 

$

605

 

 

$

2,404

 

 

$

 

 

$

 

 

$

 

1 year - less than 2 years

 

 

1,888

 

 

 

 

 

 

919

 

 

 

969

 

 

 

 

 

 

 

2 years and greater

 

 

1,325

 

 

 

 

 

 

 

 

 

83

 

 

 

375

 

 

 

867

 

Total Employee-related receivables

 

$

6,222

 

 

$

605

 

 

$

3,323

 

 

$

1,052

 

 

$

375

 

 

$

867

 

Summary of Allowance for Expected Credit Losses by Portfolio Segment

The following table presents the activity in the CECL reserve by receivable class for the three months ended March 31, 2020 (in thousands):

 

 

 

Allowance Rollforward by Portfolio Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued commissions receivable

 

 

Employee-related receivables

 

 

Total

 

Beginning balance, January 1, 2020

 

$

811

 

 

$

1,133

 

 

$

1,944

 

Current-period provision for expected credit losses

 

 

179

 

 

 

586

 

 

 

765

 

Write-offs charged against the allowance

 

 

 

 

 

 

 

 

 

Recoveries collected

 

 

 

 

 

 

 

 

 

Ending balance, March 31, 2020

 

$

990

 

 

$

1,719

 

 

$

2,709