Annual report pursuant to Section 13 and 15(d)

Credit Losses, Financial Assets and Other Instruments (Tables)

v3.22.0.1
Credit Losses, Financial Assets and Other Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
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 Years Ended December 31, 2020 and 2021
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 
Credit loss (recoveries) expense (1,252) (146) 270  —  (1,128)
December 31, 2021 $ 1,599  $ 1,057  $ 913  $ —  $ 3,569 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of December 31, 2021 and December 31, 2020 included $218,000 and $257,000, respectively, in the line entitled “accounts receivable, net” and $695,000 and $386,000, respectively, 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, tenants notes receivable and sales-type lease receivables by credit risk classification, by origination year as of December 31, 2021 (in thousands):
Origination Year
2016 and Earlier 2017 2018 2019 2020 2021 Total
Investing receivables:
Credit risk classification:
Investment grade $ 70,434  $ 1,069  $ —  $ —  $ 1,675  $ 4,606  $ 77,784 
Non-investment grade —  —  —  6,041  —  —  6,041 
Total $ 70,434  $ 1,069  $ —  $ 6,041  $ 1,675  $ 4,606  $ 83,825 
Tenant notes receivable:
Credit risk classification:
Investment grade $ —  $ —  $ 921  $ 63  $ 271  $ —  $ 1,255 
Non-investment grade 207  —  132  137  1,724  —  2,200 
Total $ 207  $ —  $ 1,053  $ 200  $ 1,995  $ —  $ 3,455 
Sales-type lease receivable:
Credit risk classification:
Investment grade $ —  $ —  $ —  $ —  $ 6,194  $ —  $ 6,194