Quarterly report pursuant to Section 13 or 15(d)

Credit Losses on Financial Assets and Other Instruments (Tables)

v3.23.1
Credit Losses on Financial Assets and Other Instruments (Tables)
 3 Months Ended
Mar. 31, 2023
Credit Loss [Abstract]  
Credit losses, financial assets and other instruments, allowance for credit loss
The table below sets forth the activity for our allowance for credit losses for the three months ended March 31, 2023 and 2022 (in thousands):
Investing Receivables Tenant Notes
Receivable (1)		 Other Assets (2) Total
December 31, 2022 $ 2,794  $ 778  $ 268  $ 3,840 
Credit loss expense (recoveries) 143  (19) (57) 67 
Write-offs —  (33) —  (33)
March 31, 2023 $ 2,937  $ 726  $ 211  $ 3,874 
December 31, 2021 $ 1,599  $ 1,057  $ 913  $ 3,569 
Credit loss expense (recoveries) 77  (34) (359) (316)
March 31, 2022 $ 1,676  $ 1,023  $ 554  $ 3,253 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of March 31, 2023 was included in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheet. The balance as of December 31, 2022 included $52,000 in the line entitled “accounts receivable, net” and $216,000 in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheet.
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, 2023 (in thousands):
Origination Year
2018 and Earlier
 2019 2020 2021 2022 2023 Total
Investing receivables:
Credit risk classification:
Investment grade $ 61,092  $ —  $ 1,931  $ 7,569  $ —  $ —  $ 70,592 
Non-investment grade —  —  —  —  17,844  —  17,844 
Total $ 61,092  $ —  $ 1,931  $ 7,569  $ 17,844  $ —  $ 88,436 
Tenant notes receivable:
Credit risk classification:
Investment grade $ 772  $ 34  $ 176  $ —  $ —  $ —  $ 982 
Non-investment grade 193  78  1,532  —  —  —  1,803 
Total $ 965  $ 112  $ 1,708  $ —  $ —  $ —  $ 2,785 
Gross write-offs during the three months ended March 31, 2023
 $ 33  $ —  $ —  $ —  $ —  $ —  $ 33 
Sales-type lease receivables:
Credit risk classification:
Investment grade $ —  $ —  $ 5,528  $ —  $ —  $ —  $ 5,528