Quarterly report pursuant to Section 13 or 15(d)

Credit Losses, Financial Assets and Other Instruments (Tables)

v3.22.1
Credit Losses, Financial Assets and Other Instruments (Tables)
 3 Months Ended
Mar. 31, 2022
Credit Loss [Abstract]  
Credit Losses, Financial Assets and Other Instruments, Allowance for Credit Loss
The table below sets forth the allowance for credit losses activity for the three months ended March 31, 2022 and 2021 (in thousands):
Investing Receivables Tenant Notes
Receivable (1)		 Other Assets (2) Total
December 31, 2021 $ 1,599  $ 1,057  $ 913  $ 3,569 
Credit loss (recoveries) expense 77  (34) (359) (316)
March 31, 2022 $ 1,676  $ 1,023  $ 554  $ 3,253 
December 31, 2020 $ 2,851  $ 1,203  $ 643  $ 4,697 
Credit loss recoveries (771) (7) (129) (907)
March 31, 2021 $ 2,080  $ 1,196  $ 514  $ 3,790 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of March 31, 2022 and December 31, 2021 included $154,000 and $218,000, respectively, in the line entitled “accounts receivable, net” and $400,000 and $695,000, respectively, in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets. The balance as of March 31, 2021 and December 31, 2020 included $40,000 and $257,000, respectively, in the line entitled “accounts receivable, net” and $474,000 and $386,000, respectively, in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets.
Financing Receivable Credit Quality Indicator
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 March 31, 2022 (in thousands):
Origination Year
2017 and Earlier 2018 2019 2020 2021 Total
Investing receivables:
Credit risk classification:
Investment grade $ 71,682  $ —  $ —  $ 1,715  $ 5,656  $ 79,053 
Non-investment grade —  —  5,040  —  —  5,040 
Total $ 71,682  $ —  $ 5,040  $ 1,715  $ 5,656  $ 84,093 
Tenant notes receivable:
Credit risk classification:
Investment grade $ —  $ 888  $ 58  $ 252  $ —  $ 1,198 
Non-investment grade 194  124  126  1,685  —  2,129 
Total $ 194  $ 1,012  $ 184  $ 1,937  $ —  $ 3,327 
Sales-type lease receivables:
Credit risk classification:
Investment grade $ —  $ —  $ —  $ 6,065  $ —  $ 6,065