Accounts Receivable

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Accounts Receivable

3. Accounts Receivable

Accounts receivable as of December 31, 2014 and 2013 consisted of the following:

	December 31,
	2014			2013
Accounts receivable	$	74,850		$	81,862
Notes receivable		257			460
Less:
Allowances for doubtful accounts		(263	)		(268	)
Sales return reserve		(787	)		(1,205	)
Low yield compensation reserve		(1,100	)		(1,951	)
Accounts receivable, net	$	72,957		$	78,898

Changes in allowance for doubtful accounts for the years ended December 31, 2014 and 2013 are as follows:

	Year Ended December 31,
	2014			2013
Beginning balance	$	(268	)	$	(401	)
Reversal of allowance (Bad debt expense)		(3,718	)		115
Write off		3,508			18
Translation adjustments		215			—
Ending balance	$	(263	)	$	(268	)

Changes in sales return reserve for the years ended December 31, 2014 and 2013 are as follows:

	Year Ended December 31,
	2014			2013
Beginning balance	$	(1,205	)	$	(1,264	)
Provisions		(3,224	)		(1,218	)
Usage		3,598			1,296
Translation adjustments		44			(19	)
Ending balance	$	(787	)	$	(1,205	)

Changes in low yield compensation reserve for the years ended December 31, 2014 and 2013 are as follows:

	Year Ended December 31,
	2014			2013
Beginning balance	$	(1,951	)	$	(3,206	)
Provisions		(766	)		(1,868	)
Usage		1,563			3,150
Translation adjustments		54			(27	)
Ending balance	$	(1,100	)	$	(1,951	)

The Company has entered into an agreement to sell selected trade accounts receivable to a financial institution from time to time since March 2012. After the sale, the Company does not retain any interests in the receivables and the applicable financial institution collects these accounts receivable directly from the customer. The proceeds from the sales of these accounts receivable totaled $22,256 thousand and $28,869 thousand for the years ended December 31, 2014 and 2013, respectively and these sales resulted in pre-tax losses of $64 thousand and $73 thousand for the years ended December 31, 2014 and 2013, respectively, which are included in selling, general and administrative expenses in the consolidated statements of operations. Net proceeds of these accounts receivable sale program are recognized in the consolidated statements of cash flows as part of operating cash flows.

Receivable Discount Programs

The Company uses receivable discount programs with certain customers. While these discount arrangements allow the Company to accelerate collection of customers’ receivables, there can be no assurance that these programs will continue in the future.