Annual report pursuant to Section 13 and 15(d)

Credit Losses, Financial Assets and Other Instruments (Tables)

v3.20.4
Credit Losses, Financial Assets and Other Instruments (Tables)
 12 Months Ended
Dec. 31, 2020
Credit Loss [Abstract]  
Schedule of 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 Year Ended December 31, 2020
Investing Receivables Tenant Notes
Receivable (1)		 Other Assets (2) Off-Balance Sheet Credit Exposures 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 (recoveries) expense (881) 729  559  (1,340) (933)
Other changes —  52  (60) —  (8)
December 31, 2020 $ 2,851  $ 1,203  $ 643  $ —  $ 4,697 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of December 31, 2020 included $257,000 in the line entitled “accounts receivable, net” and $386,000 in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets.
Financing Receivable Credit Quality Indicators
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 December 31, 2020 (in thousands):
Origination Year
2015 and Earlier 2016 2017 2018 2019 2020 Total
Investing receivables:
Credit risk classification:
Investment grade
 $ 64,354  $ —  $ 971  $ —  $ —  $ 239  $ 65,564 
Non-investment grade
 —  —  —  —  6,041  —  6,041 
Total
$ 64,354  $ —  $ 971  $ —  $ 6,041  $ 239  $ 71,605 
Tenant notes receivable:
Credit risk classification:
Investment grade
 $ —  $ 14  $ —  $ 1,028  $ 84  $ 343  $ 1,469 
Non-investment grade
 97  165  —  164  1,883  1,803  4,112 
Total
 $ 97  $ 179  $ —  $ 1,192  $ 1,967  $ 2,146  $ 5,581 
Sales-type lease receivable:
Credit risk classification:
Investment grade
 $ —  $ —  $ —  $ —  $ —  $ 6,573  $ 6,573