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Notes Receivable
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Notes Receivable Notes ReceivableWe provide financing to some individuals who want to become independent contractors by purchasing a tractor from us and leasing their services to us. We maintain a primary security interest in the tractor until the independent contractor pays the note balance in full. On January 24, 2023, we purchased a $25.0 million subordinated promissory note from MLSI with a maturity date of January 24, 2030. The proceeds of the promissory note may be used by MLSI for working capital and general business purposes, including a limited amount for possible repayment of certain advances. There are no scheduled principal payments due on the MLSI promissory note until the maturity date, and interest accrues at 7.5% compounded annually, with the first accrued interest payment due on January 24, 2028, and at the end of each calendar year thereafter. The independent contractor notes receivable, MLSI subordinated promissory note, and other notes receivable are included in other current assets and other non-current assets in the consolidated balance sheets.
The following table presents our notes receivable (in thousands):
March 31, 2023December 31, 2022
Independent contractor notes receivable
$8,080 $8,287 
MLSI subordinated promissory note25,000 — 
Other notes receivable
8,058 

7,921 
Notes receivable
41,138 16,208 
Less current portion
2,654 2,691 
Notes receivable – non-current
$38,484 $13,517 
We also provide financing to some individuals who attended our driver training schools. The student notes receivable is included in other receivables and other non-current assets in the consolidated balance sheets. The following table presents our student notes receivable (in thousands):
March 31, 2023December 31, 2022
Student notes receivable
$62,971 $63,351 
Allowance for doubtful student notes receivable
(22,885)(23,491)
Total student notes receivable, net of allowance
40,086 39,860 
Less current portion, net of allowance
13,194 12,574 
Student notes receivable – non-current
$26,892 $27,286