Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Credit Losses, Financial Assets and Other Instruments, Allowance for Credit Loss
The table below sets forth the activity for the allowance for credit losses (in thousands):
For the Nine Months Ended September 30, 2020
Investing Receivables Tenant Notes
Receivable (1)
Other Assets (2) Off-Balance Sheet Credit Exposures (3) Total
December 31, 2019 $ —  $ 97  $ —  $ —  $ 97 
Cumulative effect of change for adoption of credit loss guidance
3,732  325  144  1,340  5,541 
Credit loss expense (recoveries) 308  696  152  (1,317) (161)
September 30, 2020 $ 4,040  $ 1,118  $ 296  $ 23  $ 5,477 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of September 30, 2020 included $95,000 in the line entitled “accounts receivable, net” and $201,000 in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets.
(3)Included in the line entitled “other liabilities” on our consolidated balance sheets.
Accounts Receivable, Noncurrent, Credit Quality Indicator
The following table presents the amortized cost basis of our investing receivables and tenants notes receivable by credit risk classification, by origination year as of September 30, 2020 (in thousands):
Origination Year
2015 and Earlier 2016 2017 2018 2019 2020 Total
Investing receivables:
Credit risk classification:
Investment grade
$ 62,842  $ —  $ 948  $ —  $ —  $ 219  $ 64,009 
Non-investment grade
3,020  —  —  —  11,147  —  14,167 
Total
$ 65,862  $ —  $ 948  $ —  $ 11,147  $ 219  $ 78,176 
Tenant notes receivable:
Credit risk classification:
Investment grade
$ —  $ 27  $ —  $ 1,054  $ 90  $ 360  $ 1,531 
Non-investment grade
97  179  —  171  1,973  1,600  4,020 
Total
$ 97  $ 206  $ —  $ 1,225  $ 2,063  $ 1,960  $ 5,551