Quarterly report pursuant to Section 13 or 15(d)

Credit Losses on Financial Assets and Other Instruments (Tables)

v3.23.3
Credit Losses on Financial Assets and Other Instruments (Tables)
 9 Months Ended
Sep. 30, 2023
Credit Loss [Abstract]  
Schedule of allowance for credit loss
The table below sets forth the activity for our allowance for credit losses for the nine months ended September 30, 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) (3) 829  (64) (88) 677 
Write-offs —  (33) —  (33)
September 30, 2023 $ 3,623  $ 681  $ 180  $ 4,484 
December 31, 2021 $ 1,599  $ 1,057  $ 913  $ 3,569 
Credit loss expense (recoveries) (3) 2,129  (112) (415) 1,602 
September 30, 2022 $ 3,728  $ 945  $ 498  $ 5,171 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of September 30, 2023 and December 31, 2022 included $109,000 and $52,000 in the line entitled “accounts receivable, net” and $71,000 and $216,000 in the line entitled “prepaid expenses and other assets, net”, respectively, on our consolidated balance sheets.
(3)Included in the line entitled “interest and other income, net” on our consolidated statements of operations.
Schedule of credit risk classification
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 September 30, 2023 (in thousands):
Origination Year
2018 and Earlier
 2019 2020 2021 2022 2023 Total
Investing receivables:
Credit risk classification:
Investment grade $ 64,171  $ —  $ 2,028  $ 8,141  $ —  $ 7  $ 74,347 
Non-investment grade —  —  —  —  16,811  —  16,811 
Total $ 64,171  $ —  $ 2,028  $ 8,141  $ 16,811  $ 7  $ 91,158 
Tenant notes receivable:
Credit risk classification:
Investment grade $ 717  $ 21  $ 136  $ —  $ —  $ —  $ 874 
Non-investment grade 144  57  1,466  —  —  —  1,667 
Total $ 861  $ 78  $ 1,602  $ —  $ —  $ —  $ 2,541 
Gross write-offs during the nine months ended September 30, 2023
 $ 33  $ —  $ —  $ —  $ —  $ —  $ 33 
Sales-type lease receivables:
Credit risk classification:
Investment grade $ —  $ —  $ 5,244  $ —  $ —  $ —  $ 5,244