Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2024

Credit Loss [Abstract]

Schedule of Allowance for Credit Losses

The following table sets forth the Company's allowance for credit losses as of June 30, 2024 and 2023:

(in thousands)	2024		2023
Balance as of January 1	$	14,961	$	14,799
Additions (1)	8,990		7,262
Deductions (2)	(5,872)		(7,634)
Balance as of June 30 (3)	$	18,079	$	14,427

(1)    For the six months ended June 30, 2024 and 2023, the Company recorded a provision for credit losses of $9.0 million and $7.3 million, respectively, which is included in General and administrative expense in the Company's consolidated statements of operations and comprehensive income. For the three months ended June 30, 2024 and 2023, the Company recorded a provision for credit losses of $3.0 million and $3.4 million, respectively, which is included in General and administrative expense in the Company's consolidated statements of operations and comprehensive income.

(2)    For the six months ended June 30, 2024 and 2023, the deductions represent amounts written off as uncollectible, net of recoveries.

(3)    As of June 30, 2024, $18.0 million of the allowance is attributable to Accounts receivable and less than $0.1 million is attributable to Contract assets. As of June 30, 2023, $14.4 million of the allowance is attributable to Accounts receivable and less than $0.1 million is attributable to Contract assets.