Current Expected Credit Losses ("CECL") (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Receivables and Allowance for Doubtful Accounts

Total receivables balances at December 31, 2021 and 2020 were as follows:


Receivables	2021		2020
	(In millions)
Accounts receivable	$	63.6	$	85.7
Gift card receivables	33.4		22.5

Notes receivable	19.7		18.6
Financing receivables:
Equipment leases receivable	33.4		43.9
Direct financing leases receivable	16.7		22.7

Other	7.6		6.1
	174.4		199.5
Less: allowance for doubtful accounts and notes receivable	(11.9)		(23.1)
	162.5		176.4
Less: current portion	(120.0)		(121.9)
Long-term receivables	$	42.5	$	54.5

The following table summarizes the activity in the allowance for doubtful accounts and notes receivable for the year ended December 31, 2019, prior to the adoption of CECL:


Allowance for Doubtful Accounts	(In millions)
Balance at December 31, 2018	$	17.2
Provision	(0.4)
Write-offs	(5.0)
Recoveries	(0.5)
Balance at December 31, 2019	$	11.3

Financing Receivable, Allowance for Credit Loss

Changes in the allowance for credit losses during the years ended December 31, 2021 and 2020 were as follows:



	Accounts Receivable		Notes receivable, short-term		Notes receivable, long-term		Lease Receivables		Equipment Receivables		Other (1)		Total
	(In millions)
Balance, December 31, 2019	$	0.7	$	2.4	$	8.2	$	—	$	—	$	—	$	11.3
Increase due to CECL adoption	0.3		—		0.1		0.1		0.1		0.1		0.7
Bad debt expense for the year ended December 31, 2020	5.0		2.5		0.5		1.2		3.4		0.2		12.8
Advertising provision adjustment	5.4		(0.7)		(1.2)		—		—		—		3.5
Write-offs	(0.2)		(0.6)		(2.3)		(0.9)		(1.2)		—		(5.2)
Recoveries	0.0		—		—		0.0		—		—		—
Balance, December 31, 2020	$	11.2	$	3.6	$	5.3	$	0.4	$	2.3	$	0.3	$	23.1

Bad debt (credit) expense for the year ended December 31, 2021	(8.2)		1.4		1.1		0.1		0.8		(0.1)		(4.9)
Advertising provision adjustment	(1.8)		(0.3)		0.2		—		—		—		(1.9)
Write-offs	(0.2)		(0.9)		—		(0.5)		(3.0)		—		(4.6)
Recoveries	0.0		—		—		0.2		—		—		0.2
Balance, December 31, 2021	$	1.0	$	3.8	$	6.6	$	0.2	$	0.1	$	0.2	$	11.9

(1) Primarily distributor receivables, gift card receivables and credit card receivables

Financing Receivable, Past Due

The Company's primary credit quality indicator for all portfolio segments is delinquency. The delinquency status of receivables (other than accounts receivable, gift card receivables and distributor receivables) at December 31, 2021 was as follows:



	Notes receivable, short-term		Notes receivable, long-term		Lease Receivables		Equipment Receivables		Other (1)		Total
	(In millions)
Current	$	5.0	$	13.3	$	16.7	$	33.4	$	1.8	$	70.2
30-59 days	0.0		—		—		—		—		0.0
60-89 days	0.0		—		—		—		—		—
90-119 days	—		—		—		—		—		—
120+ days	1.4		—		—		—		—		1.4
Total	$	6.4	$	13.3	$	16.7	$	33.4	$	1.8	$	71.6

(1) Primarily credit card receivables

Financing Receivable Credit Quality Indicators

The year of origination of the Company's financing receivables is as follows:



	Notes receivable, short and long-term		Lease Receivables		Equipment Receivables		Total
	(In millions)
2021	$	13.1	$	2.7	$	—	$	15.8
2020	0.6		1.4		—		2.0
2019	0.2		0.8		—		1.0
2018	—		—		—		—
2017	5.7		—		—		5.7
Prior	0.1		11.8		33.4		45.3
Total	$	19.7	$	16.7	$	33.4	$	69.8