Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

For Years Ended December 31, 2020, 2019 and 2018

(in thousands)

	Balance at beginning of period		Charged to expenses		Adjustments to valuation accounts			Deductions			Balance at end of period
Year Ended December 31, 2020
Allowance for uncollectable accounts (1)	$	-	$	22,377	$	-		$	-		$	22,377
Allowance for deferred tax asset	$	42,703	$	-	$	(5,746	)	$	-		$	36,957
Year Ended December 31, 2019
Allowance for deferred tax asset	$	45,413	$	-	$	(2,710	)	$	-		$	42,703
Year Ended December 31, 2018
Allowance for uncollectable accounts (1)	$	17,066	$	9,254	$	-		$	(5,882	)	$	20,438
Allowance for deferred tax asset	$	54,155	$	-	$	(8,742	)	$	-		$	45,413

(1) Includes allowances on accounts receivable and straight-line rents.  Effective January 1, 2019, in accordance with the adoption of Topic 842, the Company includes provision for doubtful accounts in Revenues from rental properties, net on the Company’s Consolidated Statements of Income.  If a lessee’s accounts receivable balance is considered uncollectible, these uncollectible lessee lease receivables would be recognized as a reduction in revenues and would not be considered an allowance. With this implementation, the Allowance for Uncollectible Accounts was re-characterized to be appropriately reflected as reductions in revenues for uncollectible amounts.  In addition, the Company also recognizes a general reserve which is included for the year ended December 31, 2020. See Footnote 1 of the Notes to the Consolidated Financial Statements for additional disclosure.