v3.26.1
Allowance for Doubtful Accounts (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Notes Receivable Disaggregated by Vintage Year
The following table presents the Company’s four tiers of notes receivable as of and for the six months ended June 30, 2026 further disaggregated by year of origination, as well as write-off activity:
Notes receivable
Amortized cost basis by origination year
20262025202420232022PriorTotal
(in thousands)
Notes receivable
Standard notes receivable$25,521 $30,374 $3,563 $888 $2,016 $— $62,362 
Delinquent notes receivable$3,981 $371 $779 $74 $— $— $5,205 
Genesis note receivable$— $— $— $— $— $20,410 $20,410 
Elevated risk notes receivable$— $— $— $2,123 $1,811 $1,779 $5,713 
Current-period gross write-offs$— $29 $8 $74 $— $101 $212 
Current-period recoveries— — — — — — — 
Current-period net write-offs$— $29 $8 $74 $— $101 $212 
Schedule of Age Analysis of Past-Due Note Receivable
The following table provides information as to the status of payment on the Company’s notes receivable which were past due as of June 30, 2026:
Age analysis of past-due notes receivable as of June 30, 2026
0 - 90 Days91 - 180 DaysGreater than 181 DaysTotal
(in thousands)
Notes receivable
Standard notes receivable$30 $— $— $30 
Delinquent notes receivable694 324 138 1,156 
Genesis note receivable— — 20,410 20,410 
Elevated risk notes receivable— — 5,713 5,713 
$724 $324 $26,261 $27,309 
Schedule of Changes in Allowance for Doubtful Accounts
The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the three months ended June 30, 2026 and 2025, respectively:
Allowance for doubtful accounts
Portfolio Segment:March 31,
2026		Reclassifications
Write-Offs1
Bad Debt ExpenseJune 30,
2026
(in thousands)
Accounts receivable
Aged accounts receivable$69,694 $— $(3,765)$1,966 $67,895 
Genesis accounts receivable50,395 — — — 50,395 
Total accounts receivable$120,089 $— $(3,765)$1,966 $118,290 
Notes receivable
Standard notes receivable$4,489 $— $— $824 $5,313 
Delinquent notes receivable622 — (33)1,014 1,603 
Genesis note receivable20,410 — — — 20,410 
Elevated risk notes receivable4,128 — — 464 4,592 
Total notes receivable$29,649 $— $(33)$2,302 $31,918 
Total accounts and notes receivable$149,738 $— $(3,798)$4,268 $150,208 
1.Write-offs are shown net of recoveries. During the three months ended June 30, 2026, the Company collected $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

Allowance for doubtful accounts
Portfolio Segment:March 31,
2025		Reclassifications
Write-Offs1
Bad Debt ExpenseJune 30,
2025
(in thousands)
Accounts receivable
Aged accounts receivable$87,098 $(1,751)$(30,246)$9,642 $64,743 
Genesis accounts receivable— 1,751 — 45,977 47,728 
Total accounts receivable$87,098 $— $(30,246)$55,619 $112,471 
Notes receivable
Standard notes receivable$4,586 $— $— $1,035 $5,621 
Delinquent notes receivable6,013 (5,176)— 235 1,072 
Genesis note receivable— 5,176 — 15,234 20,410 
Elevated risk notes receivable2,140 — — 170 2,310 
Total notes receivable$12,739 $— $— $16,674 $29,413 
Total accounts and notes receivable$99,837 $— $(30,246)$72,293 $141,884 
1.Write-offs are shown net of recoveries. During the three months ended June 30, 2025, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.
The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the six months ended June 30, 2026 and 2025, respectively:

Allowance for doubtful accounts
Portfolio Segment:December 31,
2025		Reclassifications
Write-Offs1
Bad Debt ExpenseJune 30,
2026
(in thousands)
Accounts receivable
Aged accounts receivable$68,910 $— $(4,644)$3,629 $67,895 
Genesis accounts receivable50,395 — — — 50,395 
Total accounts receivable$119,305 $— $(4,644)$3,629 $118,290 
Notes receivable
Standard notes receivable$3,587 $— $— $1,726 $5,313 
Delinquent notes receivable1,270 — (212)545 1,603 
Genesis note receivable20,410 — — — 20,410 
Elevated risk notes receivable2,440 — — 2,152 4,592 
Total notes receivable$27,707 $— $(212)$4,423 $31,918 
Total accounts and notes receivable$147,012 $— $(4,856)$8,052 $150,208 
1.Write-offs are shown net of recoveries. During the six months ended June 30, 2026, the Company collected $1.6 million of accounts and notes receivable which had previously been written-off as uncollectible.

Allowance for doubtful accounts
Portfolio Segment:December 31,
2024		Reclassifications
Write-Offs1
Bad Debt ExpenseJune 30,
2025
(in thousands)
Accounts receivable
Aged accounts receivable$87,520 $(1,651)$(32,557)$11,431 $64,743 
Genesis accounts receivable— 1,651 — 46,077 47,728 
Total accounts receivable$87,520 $— $(32,557)$57,508 $112,471 
Notes receivable
Standard notes receivable$5,096 $— $278 $247 $5,621 
Delinquent notes receivable6,026 (5,176)— 222 1,072 
Genesis note receivable— 5,176 — 15,234 20,410 
Elevated risk notes receivable2,140 — — 170 2,310 
Total notes receivable$13,262 $— $278 $15,873 $29,413 
Total accounts and notes receivable$100,782 $— $(32,279)$73,381 $141,884 

1.Write-offs are shown net of recoveries. During the six months ended June 30, 2025, the Company collected $0.3 million of accounts and notes receivable which had previously been written-off as uncollectible.
Schedule of Changes in Allowance for Notes Receivable
The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the three months ended June 30, 2026 and 2025, respectively:
Allowance for doubtful accounts
Portfolio Segment:March 31,
2026		Reclassifications
Write-Offs1
Bad Debt ExpenseJune 30,
2026
(in thousands)
Accounts receivable
Aged accounts receivable$69,694 $— $(3,765)$1,966 $67,895 
Genesis accounts receivable50,395 — — — 50,395 
Total accounts receivable$120,089 $— $(3,765)$1,966 $118,290 
Notes receivable
Standard notes receivable$4,489 $— $— $824 $5,313 
Delinquent notes receivable622 — (33)1,014 1,603 
Genesis note receivable20,410 — — — 20,410 
Elevated risk notes receivable4,128 — — 464 4,592 
Total notes receivable$29,649 $— $(33)$2,302 $31,918 
Total accounts and notes receivable$149,738 $— $(3,798)$4,268 $150,208 
1.Write-offs are shown net of recoveries. During the three months ended June 30, 2026, the Company collected $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.

Allowance for doubtful accounts
Portfolio Segment:March 31,
2025		Reclassifications
Write-Offs1
Bad Debt ExpenseJune 30,
2025
(in thousands)
Accounts receivable
Aged accounts receivable$87,098 $(1,751)$(30,246)$9,642 $64,743 
Genesis accounts receivable— 1,751 — 45,977 47,728 
Total accounts receivable$87,098 $— $(30,246)$55,619 $112,471 
Notes receivable
Standard notes receivable$4,586 $— $— $1,035 $5,621 
Delinquent notes receivable6,013 (5,176)— 235 1,072 
Genesis note receivable— 5,176 — 15,234 20,410 
Elevated risk notes receivable2,140 — — 170 2,310 
Total notes receivable$12,739 $— $— $16,674 $29,413 
Total accounts and notes receivable$99,837 $— $(30,246)$72,293 $141,884 
1.Write-offs are shown net of recoveries. During the three months ended June 30, 2025, the Company collected less than $0.1 million of accounts and notes receivable which had previously been written-off as uncollectible.
The following tables provide a summary of the changes in the Company’s allowance for doubtful accounts on a portfolio segment basis for the six months ended June 30, 2026 and 2025, respectively:

Allowance for doubtful accounts
Portfolio Segment:December 31,
2025		Reclassifications
Write-Offs1
Bad Debt ExpenseJune 30,
2026
(in thousands)
Accounts receivable
Aged accounts receivable$68,910 $— $(4,644)$3,629 $67,895 
Genesis accounts receivable50,395 — — — 50,395 
Total accounts receivable$119,305 $— $(4,644)$3,629 $118,290 
Notes receivable
Standard notes receivable$3,587 $— $— $1,726 $5,313 
Delinquent notes receivable1,270 — (212)545 1,603 
Genesis note receivable20,410 — — — 20,410 
Elevated risk notes receivable2,440 — — 2,152 4,592 
Total notes receivable$27,707 $— $(212)$4,423 $31,918 
Total accounts and notes receivable$147,012 $— $(4,856)$8,052 $150,208 
1.Write-offs are shown net of recoveries. During the six months ended June 30, 2026, the Company collected $1.6 million of accounts and notes receivable which had previously been written-off as uncollectible.

Allowance for doubtful accounts
Portfolio Segment:December 31,
2024		Reclassifications
Write-Offs1
Bad Debt ExpenseJune 30,
2025
(in thousands)
Accounts receivable
Aged accounts receivable$87,520 $(1,651)$(32,557)$11,431 $64,743 
Genesis accounts receivable— 1,651 — 46,077 47,728 
Total accounts receivable$87,520 $— $(32,557)$57,508 $112,471 
Notes receivable
Standard notes receivable$5,096 $— $278 $247 $5,621 
Delinquent notes receivable6,026 (5,176)— 222 1,072 
Genesis note receivable— 5,176 — 15,234 20,410 
Elevated risk notes receivable2,140 — — 170 2,310 
Total notes receivable$13,262 $— $278 $15,873 $29,413 
Total accounts and notes receivable$100,782 $— $(32,279)$73,381 $141,884 

1.Write-offs are shown net of recoveries. During the six months ended June 30, 2025, the Company collected $0.3 million of accounts and notes receivable which had previously been written-off as uncollectible.