Quarterly report pursuant to Section 13 or 15(d)

Credit Losses, Financial Assets and Other Instruments (Tables)

v3.22.2
Credit Losses, Financial Assets and Other Instruments (Tables)
 6 Months Ended
Jun. 30, 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 six months ended June 30, 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 expense (recoveries) 46  (76) (61) (91)
June 30, 2022 $ 1,645  $ 981  $ 852  $ 3,478 
December 31, 2020 $ 2,851  $ 1,203  $ 643  $ 4,697 
Credit loss (recoveries) expense (719) (77) 82  (714)
June 30, 2021 $ 2,132  $ 1,126  $ 725  $ 3,983 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of June 30, 2022 and December 31, 2021 included $742,000 and $218,000, respectively, in the line entitled “accounts receivable, net” and $110,000 and $695,000, respectively, in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets. The balance as of June 30, 2021 and December 31, 2020 included $89,000 and $257,000, respectively, in the line entitled “accounts receivable, net” and $636,000 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 June 30, 2022 (in thousands):
Origination Year
2017 and Earlier 2018 2019 2020 2021 Total
Investing receivables:
Credit risk classification:
Investment grade $ 73,478  $ —  $ —  $ 1,757  $ 6,262  $ 81,497 
Non-investment grade —  —  5,033  —  —  5,033 
Total $ 73,478  $ —  $ 5,033  $ 1,757  $ 6,262  $ 86,530 
Tenant notes receivable:
Credit risk classification:
Investment grade $ —  $ 855  $ 52  $ 234  $ —  $ 1,141 
Non-investment grade 180  115  108  1,646  —  2,049 
Total $ 180  $ 970  $ 160  $ 1,880  $ —  $ 3,190 
Sales-type lease receivables:
Credit risk classification:
Investment grade $ —  $ —  $ —  $ 5,934  $ —  $ 5,934