Accounts Receivable

12 Months Ended

Dec. 31, 2021

4. Accounts Receivable

Accounts receivable as of December 31, 2021 and 2020 consisted of the following (in thousands):


	December 31,
	2021			2020
Accounts receivable	$	50,363		$	63,145
Notes receivable		1,242			1,606
Less:
Allowance for credit losses		(466	)		(188	)
Sales return reserves		(185	)		(173	)

Accounts receivable, net	$	50,954		$	64,390

Changes in allowance for credit losses for the years ended December 31, 2021, 2020 and 2019 are as follows

(in thousands):


	Year Ended December 31,
	2021			2020			2019


Beginning balance	$	(188	)	$	(49	)	$	(51	)
Provision		(302	)		(131	)		—
Translation adjustments		24			(8	)		2

Ending balance	$	(466	)	$	(188	)	$	(49	)

Changes in sales return reserves for the years ended December

2021

2020

and

2019

are as follows (in thousands):


	Year Ended December 31,
	2021			2020			2019
Beginning balance	$	(173	)	$	(387	)	$	(439	)
Reversal (provision)		(27	)		22			(136	)
Usage		—			196			170
Translation adjustments		15			(4	)		18

Ending balance	$	(185	)	$	(173	)	$	(387	)

Commencing in March 2012, the Company has been a party to an agreement to sell selected trade accounts receivable to a financial institution from time to time. After a sale, the Company does not retain any interest in the receivables and the applicable financial institution collects these accounts receivable directly from the customer. There were no sale of accounts receivable for the years ended December 31, 2021 and 2020. The proceeds from the sales of these accounts receivable totaled $14,474 thousand for the year ended December 31, 2019, and this sale resulted in

pre-tax

losses of $45 thousand for the year ended December 31, 2019, which is included in selling, general and administrative expenses in the consolidated statements of operations. Net proceeds of this accounts receivable sale program are recognized in the consolidated statements of cash flows as part of operating cash flows.

The Company uses receivable discount programs with certain customers. These discount arrangements allow the Company to accelerate collection of customers’ receivables.