v3.22.4
Retail Installment Contract Receivables
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Retail Installment Contract Receivables Retail Installment Contract Receivables
Certain subscribers have the option to purchase Products under a RIC, payable over either 42 or 60 months. Short-term RIC receivables are recorded in accounts and notes receivable, net and long-term RIC receivables are recorded in long-term notes receivables and other assets, net in the consolidated balance sheets.
The following table summarizes the RIC receivables (in thousands):
For the Years Ended
 December 31, 2022December 31, 2021
RIC receivables, gross$44,909 $90,204 
RIC allowance(6,685)(12,384)
Imputed interest(3,152)(7,469)
RIC receivables, net$35,072 $70,351 
Classified on the consolidated balance sheets as:
Accounts and notes receivable, net$20,887 $37,270 
Long-term notes receivables and other assets, net14,185 33,081 
RIC receivables, net$35,072 $70,351 
The changes in the Company’s RIC allowance were as follows (in thousands):
For the Years Ended
 December 31, 2022December 31, 2021
RIC allowance, beginning of period$12,384 $27,061 
Write-offs(7,573)(13,714)
Recoveries2,252 3,446 
Additions from RICs originated during the period2,676 6,795 
Change in expected credit losses(1,522)(10,995)
Other adjustments (1)(1,532)(209)
RIC allowance, end of period$6,685 $12,384 
    
(1) Other adjustments primarily reflect changes in foreign currency exchange rates related to Canadian RICs and adjustments related to sale of the Canadian business.
During years ended December 31, 2022, 2021 and 2020, the amount of RIC imputed interest income recognized in recurring and other revenue was $4.1 million, $7.6 million and $10.6 million, respectively.