XML 50 R38.htm IDEA: XBRL DOCUMENT v3.24.3
Credit Losses on Financial Assets and Other Instruments (Tables)
 9 Months Ended
Sep. 30, 2024
Credit Loss [Abstract]  
Schedule of Allowance for Credit Loss
The table below sets forth the activity for our allowance for credit losses for the nine months ended September 30, 2024 and 2023 (in thousands):
Investing ReceivablesTenant Notes
Receivable (1)		Other Assets (2)Total
December 31, 2023$2,377 $666 $153 $3,196 
Net credit loss expense (recoveries) (3)490 57 (51)496 
September 30, 2024$2,867 $723 $102 $3,692 
December 31, 2022$2,794 $778 $268 $3,840 
Net credit loss expense (recoveries) (3)829 (64)(88)677 
Write-offs— (33)— (33)
September 30, 2023$3,623 $681 $180 $4,484 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of September 30, 2024 and December 31, 2023 included $46,000 and $87,000, respectively, in the line entitled “accounts receivable, net” and $56,000 and $66,000, respectively, in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets.
(3)Included in the line entitled “interest and other income, net” on our consolidated statements of operations.
Schedule of Credit Risk Classification
The following table presents the amortized cost basis of our investing receivables, tenant notes receivable and sales-type lease receivables by credit risk classification, by origination year as of September 30, 2024 (in thousands):
Origination Year
2019 and Earlier
20202021202220232024Total
Investing receivables:
Credit risk classification:
Investment grade$69,247 $2,656 $10,623 $— $632 $— $83,158 
Non-investment grade— — — 3,245 — — 3,245 
Total $69,247 $2,656 $10,623 $3,245 $632 $— $86,403 
Tenant notes receivable:
Credit risk classification:
Investment grade$591 $51 $— $— $— $— $642 
Non-investment grade110 1,333 — — — 446 1,889 
Total$701 $1,384 $— $— $— $446 $2,531 
Sales-type lease receivables:
Credit risk classification:
Investment grade$— $4,644 $— $— $— $965 $5,609