Allowance for Doubtful Accounts (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Notes Receivable Disaggregated by Vintage Year

The following table presents the Company’s three tiers of notes receivable further disaggregated by year of origination as of March 31, 2024 and write-off activity for the three months ended March 31, 2024.

	Notes receivable
	Amortized cost basis by origination year
	2024		2023		2022		2021		2020		Prior		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	3,732	$	10,759	$	21,828	$	—	$	—	$	—	$	36,319
Delinquent notes receivable	$	—	$	5,700	$	1,946	$	855	$	1,529	$	21,057	$	31,087
Elevated risk notes receivable	$	—	$	—	$	—	$	7,322	$	—	$	—	$	7,322
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current-period recoveries	—		—		—		—		—		—		—
Current-period net write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Schedule of Age Analysis of Past-Due Note Receivable

The following table provides information as to the status of payment on the Company’s notes receivable which were past due as of March 31, 2024.

	Age analysis of past-due notes receivable as of March 31, 2024
	0 - 90 Days		91 - 180 Days		Greater than 181 Days		Total
	(in thousands)
Notes receivable
Standard notes receivable	$	519	$	—	$	—	$	519
Delinquent notes receivable	$	1,274	$	4,677	$	11,473	$	17,424
Elevated risk notes receivable	$	569	$	569	$	1,518	$	2,656
	$	2,362	$	5,246	$	12,991	$	20,599

Schedule of Changes in Allowance for Doubtful Accounts

The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the three months ended March 31, 2024 and 2023. Delinquent notes receivable were not considered a separate portfolio segment at December 31, 2023. The amount presented in the table below for the allowance for doubtful accounts for delinquent notes receivable was included within the standard notes receivable portfolio at December 31, 2023.

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 20231		Write-Offs2		Bad Debt Expense		March 31, 2024
	(in thousands)
Accounts receivable	$	80,819	$	(1,033)	$	4,301	$	84,087
Notes receivable
Standard notes receivable	$	3,510	$	—	$	(463)	$	3,047
Delinquent notes receivable	2,615		—		1,083		3,698
Elevated risk notes receivable	4,755		—		—		4,755
Total notes receivable	$	10,880	$	—	$	620	$	11,500
Total accounts and notes receivable	$	91,699	$	(1,033)	$	4,921	$	95,587

1.The December 31, 2023 balance includes transfers of $2.6 million from the standard notes receivable portfolio segment to the delinquent notes receivable portfolio segment.

2.Write-offs are shown net of recoveries. During the three months ended March 31, 2024, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2022		Write-Offs1		Bad Debt Expense		March 31, 2023
	(in thousands)
Accounts receivable	$	66,601	$	(3,453)	$	5,259	$	68,407
Notes receivable
Standard notes receivable	$	6,052	$	—	$	373	$	6,425
Elevated risk notes receivable	811		(51)		1,275		2,035
Total notes receivable	$	6,863	$	(51)	$	1,648	$	8,460
Total accounts and notes receivable	$	73,464	$	(3,504)	$	6,907	$	76,867

1.Write-offs are shown net of recoveries. During the three months ended March 31, 2023, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

Schedule of Changes in Allowance for Notes Receivable

The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the three months ended March 31, 2024 and 2023. Delinquent notes receivable were not considered a separate portfolio segment at December 31, 2023. The amount presented in the table below for the allowance for doubtful accounts for delinquent notes receivable was included within the standard notes receivable portfolio at December 31, 2023.

	Allowance for doubtful accounts
Portfolio Segment:	December 31, 20231		Write-Offs2		Bad Debt Expense		March 31, 2024
	(in thousands)
Accounts receivable	$	80,819	$	(1,033)	$	4,301	$	84,087
Notes receivable
Standard notes receivable	$	3,510	$	—	$	(463)	$	3,047
Delinquent notes receivable	2,615		—		1,083		3,698
Elevated risk notes receivable	4,755		—		—		4,755
Total notes receivable	$	10,880	$	—	$	620	$	11,500
Total accounts and notes receivable	$	91,699	$	(1,033)	$	4,921	$	95,587

1.The December 31, 2023 balance includes transfers of $2.6 million from the standard notes receivable portfolio segment to the delinquent notes receivable portfolio segment.

2.Write-offs are shown net of recoveries. During the three months ended March 31, 2024, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

	Allowance for doubtful accounts
Portfolio segment:	December 31, 2022		Write-Offs1		Bad Debt Expense		March 31, 2023
	(in thousands)
Accounts receivable	$	66,601	$	(3,453)	$	5,259	$	68,407
Notes receivable
Standard notes receivable	$	6,052	$	—	$	373	$	6,425
Elevated risk notes receivable	811		(51)		1,275		2,035
Total notes receivable	$	6,863	$	(51)	$	1,648	$	8,460
Total accounts and notes receivable	$	73,464	$	(3,504)	$	6,907	$	76,867

1.Write-offs are shown net of recoveries. During the three months ended March 31, 2023, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.