Accounts Receivable

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Accounts Receivable

Accounts Receivable

Accounts receivable, net consisted of the following:

	September 30, 2020		December 31, 2019
	(In thousands)
Trade receivables	$	15,896	$	14,512
Reserve for uncollectible trade receivables	(259)		(202)
Net trade receivables	15,637		14,310
Overdrawn cardholder balances from purchase transactions	3,270		4,327
Reserve for uncollectible overdrawn accounts from purchase transactions	(2,175)		(3,398)
Net overdrawn cardholder balances from purchase transactions	1,095		929
Overdrawn cardholder balances from maintenance fees	2,772		2,235
Total net overdrawn account balances due from cardholders	3,867		3,164
Receivables due from card issuing banks	5,577		5,758
Fee advances, net	3,179		26,268
Other receivables	15,915		10,043
Accounts receivable, net	$	44,175	$	59,543

Our net overdrawn account balances due from cardholders are a result of purchase transactions that we honor or maintenance fee assessments, in each case, in excess of the funds in the cardholder’s account. Reserves for overdrawn account balances from purchase transactions are subject to our recent adoption of ASU 2016-13 and are included as a component of other general and administrative expenses on our consolidated statements of operations. Overdrawn cardholder balances from maintenance fee assessments are presented net of the consideration we expect to receive under ASC 606 and are recorded as contra-revenue within card revenues and other fees. The adoption of ASU 2016-13 did not result in any material changes to our methods for developing allowances for any component within our accounts receivable given their short-term nature.

Activity in the reserve for uncollectible overdrawn accounts from purchase transactions consisted of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
Balance, beginning of period	$	5,070	$	2,368	$	3,398	$	2,710
Provision for uncollectible overdrawn accounts from purchase transactions	2,345		1,262		6,743		5,309
Charge-offs	(5,240)		(511)		(7,966)		(4,900)
Balance, end of period	$	2,175	$	3,119	$	2,175	$	3,119