Annual report pursuant to Section 13 and 15(d)

Credit Losses on Financial Assets and Other Instruments (Tables)

v3.22.4
Credit Losses on Financial Assets and Other Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Credit Loss [Abstract]  
Schedule of Credit Losses, Financial Assets and Other Instruments, Allowance for Credit Loss
The table below sets forth the activity for our allowance for credit losses in 2020, 2021 and 2022 (in thousands):
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 
Credit loss expense (recoveries) 1,195  (279) (645) —  271 
December 31, 2022 $ 2,794  $ 778  $ 268  $ —  $ 3,840 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of December 31, 2022 and December 31, 2021 included $52,000 and $218,000, respectively, in the line entitled “accounts receivable, net” and $216,000 and $695,000, 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, tenant notes receivable and sales-type lease receivables by credit risk classification, by origination year as of December 31, 2022 (in thousands):
Origination Year
2017 and Earlier 2018 2019 2020 2021 2022 Total
Investing receivables:
Credit risk classification:
Investment grade $ 60,437  $ —  $ —  $ 1,887  $ 7,379  $ —  $ 69,703 
Non-investment grade —  —  15  —  —  17,697  17,712 
Total $ 60,437  $ —  $ 15  $ 1,887  $ 7,379  $ 17,697  $ 87,415 
Tenant notes receivable:
Credit risk classification:
Investment grade $ —  $ 807  $ 40  $ 195  $ —  $ —  $ 1,042 
Non-investment grade 151  98  89  1,565  —  —  1,903 
Total $ 151  $ 905  $ 129  $ 1,760  $ —  $ —  $ 2,945 
Sales-type lease receivable:
Credit risk classification:
Investment grade $ —  $ —  $ —  $ 5,666  $ —  $ —  $ 5,666