Accounts Receivable

3 Months Ended

Mar. 31, 2020

Trade accounts receivable are stated at current value less allowances, which approximates fair value. We review our receivables on an ongoing basis to ensure that they are properly valued and collectible. The allowance for credit losses is used to record the estimated risk of loss related to our customers’ inability to pay. This allowance is maintained at a level that we consider appropriate based on factors that affect collectability, such as the financial health of our customers, historical trends of charge-offs and recoveries and current economic market conditions. As we monitor our receivables, we identify customers that may have payment problems, and we adjust the allowance accordingly, with the offset to selling, general and administrative expense. Account balances are charged off against the allowance when recovery is considered remote.

The Company's allowance for credit losses as of March 31, 2020 and December 31, 2019 was $0.4 million. The following is a rollforward of the allowances for credit losses related to accounts receivable for the three months ended March 31, 2020 by reportable segment:



	Three Months Ended March 31, 2020
	Electrical Systems			Global Seating			Total
Balance - Beginning of period	$	49		$	383		$	432
Provisions	23			28			51
Utilizations	—			(20		)	(20		)
Currency translation adjustment	(1		)	(16		)	(17		)
Balance - End of period	$	71		$	375		$	446