Comfort Inn 2013 Annual Report Download - page 84
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Table of Contents
A summary of the Company's notes receivable and related allowances are as follows:
Senior $ —
$18,052
$18,052
$ —
$27,549
$27,549
Subordinated —
14,152
14,152
—
15,019
15,019
Unsecured 20,625
3,405
24,030
16,235
1,265
17,500
Allowance for losses on non-impaired loans 1,650
1,607
3,257
1,623
638
2,261
Allowance for losses on receivables specifically evaluated for
impairment —
8,289
8,289
—
8,289
8,289
Current portion, net $ 361
$12,455
$12,816
$420
$13,995
$ 14,415
Long-term portion, net 18,614
13,258
31,872
14,192
20,911
35,103
The Company classifies notes receivable due within one year as other current assets and notes receivable with a maturity greater than one year as other
assets in the Company’s consolidated balance sheets.
The following table summarizes the activity related to the Company’s Forgivable Notes Receivable and Mezzanine & Other Notes Receivable allowance
for losses for the years ended December 31, 2013 and 2012:
Beginning balance
$795
$8,433
Provisions
1,144
591
Recoveries
(33)
(97)
Write-offs
(213)
—
Other(1)
(70)
—
Ending balance
$1,623
$8,927
(1) Consists of default rate assumption changes
83