ALLOWANCE FOR CREDIT LOSSES

6 Months Ended

Jun. 30, 2023

Credit Loss [Abstract]

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES

The following tables detail the activity related to the allowance for credit losses for trade receivables by portfolio segment (in thousands):

	Six Months Ended June 30, 2023
	CoStar		Information Services		Multifamily		LoopNet		Other Marketplaces		Total
Beginning balance at December 31, 2022	$	4,510	$	1,051	$	4,347	$	1,396	$	891	$	12,195
Current-period provision (release) for expected credit losses	8,781		504		2,092		2,603		(42)		13,938
Write-offs charged against the allowance, net of recoveries and other	(8,072)		(104)		(910)		(2,005)		—		(11,091)
Ending balance at June 30, 2023	$	5,219	$	1,451	$	5,529	$	1,994	$	849	$	15,042

	Six Months Ended June 30, 2022
	CoStar		Information Services		Multifamily		LoopNet		Other Marketplaces		Total
Beginning balance at December 31, 2021	$	5,380	$	1,820	$	3,393	$	1,968	$	813	$	13,374
Current-period provision (release) for expected credit losses	3,422		(1,063)		2,676		1,805		50		6,890
Write-offs charged against the allowance, net of recoveries and other	(4,708)		9		(2,849)		(3,078)		—		(10,626)
Ending balance at June 30, 2022	$	4,094	$	766	$	3,220	$	695	$	863	$	9,638

Credit loss expense is included in general and administrative expenses on the condensed consolidated statements of operations. Credit loss expense related to contract assets was not material for the six months ended June 30, 2023 and 2022. The majority of the Residential portfolio segment revenue is e-commerce-based and does not result in accounts receivable.