Notes Receivables From Third Parties
|12 Months Ended|
Dec. 31, 2020
|Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract]|
|Notes Receivables From Third Parties||
5. NOTES RECEIVABLE FROM THIRD PARTIES
From time to time, the Company engages in lending activities involving various types of businesses or equipment. The Company recognizes interest income as payments are due, typically monthly, and expenses all costs associated with its lending activities as incurred. These notes receivable are typically collateralized by the underlying equity or equipment and require scheduled or periodic principal and interest payments. As of December 31, 2020 and 2019, the outstanding balance ofnotes receivable from third parties was $3.2 million and $1.1 million, respectively, and is included in other receivables and other long-term assets in the accompanying consolidated balance sheets. During the years ended December 31, 2020, 2019 and 2018, the Company made advances on notes receivable from third parties of $0.2 million, $1.0 million and $0.1 million, respectively, and received repayments on notes receivable from third parties of $0.4 million, $2.1 million and $0.6 million, respectively.
The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef