Allowance for Doubtful Accounts (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Receivables [Abstract] |
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| 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 nine months ended September 30, 2026 further disaggregated by year of origination, as well as write-off activity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Notes receivable | | | Amortized cost basis by origination year | | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Total | | | (in thousands) | | Notes receivable | | | | | | | | | | | | | | | | Standard notes receivable | | $ | 41,357 | | | $ | 20,977 | | | $ | 3,304 | | | $ | 673 | | | $ | 1,016 | | | $ | — | | | $ | 67,327 | | | Delinquent notes receivable | | $ | 445 | | | $ | 373 | | | $ | 692 | | | $ | 74 | | | $ | — | | | $ | — | | | $ | 1,584 | | | Genesis note receivable | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 20,410 | | | $ | 20,410 | | | Elevated risk notes receivable | | $ | — | | | $ | — | | | $ | — | | | $ | 2,009 | | | $ | 1,737 | | | $ | 1,732 | | | $ | 5,478 | | | | | | | | | | | | | | | | | | Current-period gross write-offs | | $ | — | | | $ | 29 | | | $ | 9 | | | $ | 74 | | | $ | — | | | $ | 101 | | | $ | 213 | | | Current-period recoveries | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Current-period net write-offs | | $ | — | | | $ | 29 | | | $ | 9 | | | $ | 74 | | | $ | — | | | $ | 101 | | | $ | 213 | |
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| 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 September 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Age analysis of past-due notes receivable as of September 30, 2026 | | | 0 - 90 Days | | 91 - 180 Days | | Greater than 181 Days | | Total | | | (in thousands) | | Notes receivable | | | | | | | | | | Standard notes receivable | | $ | 1,103 | | | $ | — | | | $ | — | | | $ | 1,103 | | | Delinquent notes receivable | | 185 | | | 131 | | | 461 | | | 777 | | | Genesis note receivable | | — | | | — | | | 20,410 | | | 20,410 | | | Elevated risk notes receivable | | — | | | — | | | 5,478 | | | 5,478 | | | | $ | 1,288 | | | $ | 131 | | | $ | 26,349 | | | $ | 27,768 | |
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| 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 September 30, 2026 and 2025, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for doubtful accounts | | Portfolio Segment: | | June 30,
2026 | | | | Reclassifications | | Write-Offs1 | | Bad Debt Expense | | September 30,
2026 | | | (in thousands) | | Accounts receivable | | | | | | | | | | | | | | Aged accounts receivable | | $ | 67,895 | | | | | $ | — | | | $ | (4,749) | | | $ | 4,692 | | | $ | 67,838 | | | Genesis accounts receivable | | 50,395 | | | | | — | | | — | | | (4,316) | | | 46,079 | | | Total accounts receivable | | $ | 118,290 | | | | | $ | — | | | $ | (4,749) | | | $ | 376 | | | $ | 113,917 | | | | | | | | | | | | | | | | Notes receivable | | | | | | | | | | | | | | Standard notes receivable | | $ | 5,313 | | | | | $ | — | | | $ | — | | | $ | (1,072) | | | $ | 4,241 | | | Delinquent notes receivable | | 1,603 | | | | | — | | | (1) | | | (1,153) | | | 449 | | | Genesis note receivable | | 20,410 | | | | | — | | | — | | | (1,748) | | | 18,662 | | | Elevated risk notes receivable | | 4,592 | | | | | — | | | — | | | — | | | 4,592 | | | Total notes receivable | | $ | 31,918 | | | | | $ | — | | | $ | (1) | | | $ | (3,973) | | | $ | 27,944 | | | Total accounts and notes receivable | | $ | 150,208 | | | | | $ | — | | | $ | (4,750) | | | $ | (3,597) | | | $ | 141,861 | |
1.Write-offs are shown net of recoveries. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for doubtful accounts | | Portfolio Segment: | | June 30,
2025 | | Reclassifications | | Write-Offs1 | | Bad Debt Expense | | September 30,
2025 | | | (in thousands) | | Accounts receivable | | | | | | | | | | | | Aged accounts receivable | | $ | 64,743 | | | $ | — | | | $ | (816) | | | $ | 4,172 | | | $ | 68,099 | | | Genesis accounts receivable | | 47,728 | | | — | | | — | | | 2,710 | | | 50,438 | | | Total accounts receivable | | $ | 112,471 | | | $ | — | | | $ | (816) | | | $ | 6,882 | | | $ | 118,537 | | | | | | | | | | | | | | Notes receivable | | | | | | | | | | | | Standard notes receivable | | $ | 5,621 | | | $ | — | | | $ | (454) | | | $ | (1,211) | | | $ | 3,956 | | | Delinquent notes receivable | | 1,072 | | | — | | | — | | | (40) | | | 1,032 | | | Genesis note receivable | | 20,410 | | | — | | | — | | | — | | | 20,410 | | | Elevated risk notes receivable | | 2,310 | | | — | | | — | | | — | | | 2,310 | | | Total notes receivable | | $ | 29,413 | | | $ | — | | | $ | (454) | | | $ | (1,251) | | | $ | 27,708 | | | Total accounts and notes receivable | | $ | 141,884 | | | $ | — | | | $ | (1,270) | | | $ | 5,631 | | | $ | 146,245 | |
1.Write-offs are shown net of recoveries. During the three months ended September 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 nine months ended September 30, 2026 and 2025, respectively:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for doubtful accounts | | Portfolio Segment: | | December 31,
2025 | | Reclassifications | | Write-Offs1 | | Bad Debt Expense | | September 30,
2026 | | | (in thousands) | | Accounts receivable | | | | | | | | | | | | Aged accounts receivable | | $ | 68,910 | | | $ | — | | | $ | (9,393) | | | $ | 8,321 | | | $ | 67,838 | | | Genesis accounts receivable | | 50,395 | | | — | | | — | | | (4,316) | | | 46,079 | | | Total accounts receivable | | $ | 119,305 | | | $ | — | | | $ | (9,393) | | | $ | 4,005 | | | $ | 113,917 | | | | | | | | | | | | | | Notes receivable | | | | | | | | | | | | Standard notes receivable | | $ | 3,587 | | | $ | — | | | $ | — | | | $ | 654 | | | $ | 4,241 | | | Delinquent notes receivable | | 1,270 | | | — | | | (213) | | | (608) | | | 449 | | | Genesis note receivable | | 20,410 | | | — | | | — | | | (1,748) | | | 18,662 | | | Elevated risk notes receivable | | 2,440 | | | — | | | — | | | 2,152 | | | 4,592 | | | Total notes receivable | | $ | 27,707 | | | $ | — | | | $ | (213) | | | $ | 450 | | | $ | 27,944 | | | Total accounts and notes receivable | | $ | 147,012 | | | $ | — | | | $ | (9,606) | | | $ | 4,455 | | | $ | 141,861 | |
1.Write-offs are shown net of recoveries. During the nine months ended September 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 Expense | | September 30,
2025 | | | (in thousands) | | Accounts receivable | | | | | | | | | | | | Aged accounts receivable | | $ | 87,520 | | | $ | (1,651) | | | $ | (33,374) | | | $ | 15,604 | | | $ | 68,099 | | | Genesis accounts receivable | | — | | | 1,651 | | | — | | | 48,787 | | | 50,438 | | | Total accounts receivable | | $ | 87,520 | | | $ | — | | | $ | (33,374) | | | $ | 64,391 | | | $ | 118,537 | | | | | | | | | | | | | | Notes receivable | | | | | | | | | | | | Standard notes receivable | | $ | 5,096 | | | $ | — | | | $ | 278 | | | $ | (1,418) | | | $ | 3,956 | | | Delinquent notes receivable | | 6,026 | | | (5,176) | | | (453) | | | 635 | | | 1,032 | | | Genesis note receivable | | — | | | 5,176 | | | — | | | 15,234 | | | 20,410 | | | Elevated risk notes receivable | | 2,140 | | | — | | | — | | | 170 | | | 2,310 | | | Total notes receivable | | $ | 13,262 | | | $ | — | | | $ | (175) | | | $ | 14,621 | | | $ | 27,708 | | | Total accounts and notes receivable | | $ | 100,782 | | | $ | — | | | $ | (33,549) | | | $ | 79,012 | | | $ | 146,245 | |
1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2025, the Company collected $0.3 million of accounts and notes receivable which had previously been written-off as uncollectible.
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| 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 September 30, 2026 and 2025, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for doubtful accounts | | Portfolio Segment: | | June 30,
2026 | | | | Reclassifications | | Write-Offs1 | | Bad Debt Expense | | September 30,
2026 | | | (in thousands) | | Accounts receivable | | | | | | | | | | | | | | Aged accounts receivable | | $ | 67,895 | | | | | $ | — | | | $ | (4,749) | | | $ | 4,692 | | | $ | 67,838 | | | Genesis accounts receivable | | 50,395 | | | | | — | | | — | | | (4,316) | | | 46,079 | | | Total accounts receivable | | $ | 118,290 | | | | | $ | — | | | $ | (4,749) | | | $ | 376 | | | $ | 113,917 | | | | | | | | | | | | | | | | Notes receivable | | | | | | | | | | | | | | Standard notes receivable | | $ | 5,313 | | | | | $ | — | | | $ | — | | | $ | (1,072) | | | $ | 4,241 | | | Delinquent notes receivable | | 1,603 | | | | | — | | | (1) | | | (1,153) | | | 449 | | | Genesis note receivable | | 20,410 | | | | | — | | | — | | | (1,748) | | | 18,662 | | | Elevated risk notes receivable | | 4,592 | | | | | — | | | — | | | — | | | 4,592 | | | Total notes receivable | | $ | 31,918 | | | | | $ | — | | | $ | (1) | | | $ | (3,973) | | | $ | 27,944 | | | Total accounts and notes receivable | | $ | 150,208 | | | | | $ | — | | | $ | (4,750) | | | $ | (3,597) | | | $ | 141,861 | |
1.Write-offs are shown net of recoveries. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for doubtful accounts | | Portfolio Segment: | | June 30,
2025 | | Reclassifications | | Write-Offs1 | | Bad Debt Expense | | September 30,
2025 | | | (in thousands) | | Accounts receivable | | | | | | | | | | | | Aged accounts receivable | | $ | 64,743 | | | $ | — | | | $ | (816) | | | $ | 4,172 | | | $ | 68,099 | | | Genesis accounts receivable | | 47,728 | | | — | | | — | | | 2,710 | | | 50,438 | | | Total accounts receivable | | $ | 112,471 | | | $ | — | | | $ | (816) | | | $ | 6,882 | | | $ | 118,537 | | | | | | | | | | | | | | Notes receivable | | | | | | | | | | | | Standard notes receivable | | $ | 5,621 | | | $ | — | | | $ | (454) | | | $ | (1,211) | | | $ | 3,956 | | | Delinquent notes receivable | | 1,072 | | | — | | | — | | | (40) | | | 1,032 | | | Genesis note receivable | | 20,410 | | | — | | | — | | | — | | | 20,410 | | | Elevated risk notes receivable | | 2,310 | | | — | | | — | | | — | | | 2,310 | | | Total notes receivable | | $ | 29,413 | | | $ | — | | | $ | (454) | | | $ | (1,251) | | | $ | 27,708 | | | Total accounts and notes receivable | | $ | 141,884 | | | $ | — | | | $ | (1,270) | | | $ | 5,631 | | | $ | 146,245 | |
1.Write-offs are shown net of recoveries. During the three months ended September 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 nine months ended September 30, 2026 and 2025, respectively:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for doubtful accounts | | Portfolio Segment: | | December 31,
2025 | | Reclassifications | | Write-Offs1 | | Bad Debt Expense | | September 30,
2026 | | | (in thousands) | | Accounts receivable | | | | | | | | | | | | Aged accounts receivable | | $ | 68,910 | | | $ | — | | | $ | (9,393) | | | $ | 8,321 | | | $ | 67,838 | | | Genesis accounts receivable | | 50,395 | | | — | | | — | | | (4,316) | | | 46,079 | | | Total accounts receivable | | $ | 119,305 | | | $ | — | | | $ | (9,393) | | | $ | 4,005 | | | $ | 113,917 | | | | | | | | | | | | | | Notes receivable | | | | | | | | | | | | Standard notes receivable | | $ | 3,587 | | | $ | — | | | $ | — | | | $ | 654 | | | $ | 4,241 | | | Delinquent notes receivable | | 1,270 | | | — | | | (213) | | | (608) | | | 449 | | | Genesis note receivable | | 20,410 | | | — | | | — | | | (1,748) | | | 18,662 | | | Elevated risk notes receivable | | 2,440 | | | — | | | — | | | 2,152 | | | 4,592 | | | Total notes receivable | | $ | 27,707 | | | $ | — | | | $ | (213) | | | $ | 450 | | | $ | 27,944 | | | Total accounts and notes receivable | | $ | 147,012 | | | $ | — | | | $ | (9,606) | | | $ | 4,455 | | | $ | 141,861 | |
1.Write-offs are shown net of recoveries. During the nine months ended September 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 Expense | | September 30,
2025 | | | (in thousands) | | Accounts receivable | | | | | | | | | | | | Aged accounts receivable | | $ | 87,520 | | | $ | (1,651) | | | $ | (33,374) | | | $ | 15,604 | | | $ | 68,099 | | | Genesis accounts receivable | | — | | | 1,651 | | | — | | | 48,787 | | | 50,438 | | | Total accounts receivable | | $ | 87,520 | | | $ | — | | | $ | (33,374) | | | $ | 64,391 | | | $ | 118,537 | | | | | | | | | | | | | | Notes receivable | | | | | | | | | | | | Standard notes receivable | | $ | 5,096 | | | $ | — | | | $ | 278 | | | $ | (1,418) | | | $ | 3,956 | | | Delinquent notes receivable | | 6,026 | | | (5,176) | | | (453) | | | 635 | | | 1,032 | | | Genesis note receivable | | — | | | 5,176 | | | — | | | 15,234 | | | 20,410 | | | Elevated risk notes receivable | | 2,140 | | | — | | | — | | | 170 | | | 2,310 | | | Total notes receivable | | $ | 13,262 | | | $ | — | | | $ | (175) | | | $ | 14,621 | | | $ | 27,708 | | | Total accounts and notes receivable | | $ | 100,782 | | | $ | — | | | $ | (33,549) | | | $ | 79,012 | | | $ | 146,245 | |
1.Write-offs are shown net of recoveries. During the nine months ended September 30, 2025, the Company collected $0.3 million of accounts and notes receivable which had previously been written-off as uncollectible.
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