Accounts Receivable and Allowance for Credit Losses

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Accounts Receivable and Allowance for Credit Losses

4. ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES

Changes in the allowance for credit losses consist of the following:

	Three Months Ended March 31,
	2022		2021
Beginning Balance	$	1,853	$	1,330
Provision for Credit Losses		1,464		(192	)
Recoveries		—		63
Ending Balance	$	3,317	$	1,201

Included in Accounts Receivable, Net is accrued interest of $2.1 million and $1.9 million as of March 31, 2022 and December 31, 2021, respectively, related to placement fees.

Included in Accounts Receivable, Net are long-term receivables of $151.4 million and $104.6 million as of March 31, 2022 and December 31, 2021, respectively, related to placement fees that are generally paid in installments over a period of three to four years.

The Company does not have any long-term receivables on non-accrual status. Of receivables that originated as long-term, there were $3.1 million and $3.4 million as of March 31, 2022 and December 31, 2021, respectively, which were outstanding more than 90 days. The Company’s allowance for credit losses with respect to long-term receivables was $0.8 million as of March 31, 2022 and December 31, 2021.