Accounts Receivables & Allowance for Doubtful Receivables

9 Months Ended

Sep. 30, 2022

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Accounts Receivables & Allowance for Doubtful Receivables

4. Accounts Receivables & Allowance for Doubtful Receivables

The Company maintains an allowance for doubtful receivables that in management’s judgement reflects losses inherent in the portfolio. Changes in the allowance for doubtful trade receivables for the three and nine months ended September 30, 2022 and 2021 were as follows (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2022			2021			2022			2021
Beginning balance	$	4,266		$	3,158		$	3,724		$	2,092
Provision for bad debt		1,731			676			4,950			2,119
Net write-offs
Write-offs		(2,977	)		(1,193	)		(8,635	)		(3,951	)
Recoveries		1,376			393			4,357			2,774
Net write-offs		(1,601	)		(800	)		(4,278	)		(1,177	)
Ending balance	$	4,396		$	3,034		$	4,396		$	3,034

Changes in the allowance for doubtful finance receivables for three and nine months ended September 30, 2022 and 2021 were as follows (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2022			2021			2022			2021
Beginning balance	$	971		$	96		$	636		$	40
Provision for bad debt		1,269			253			2,151			399
Net write-offs
Write-offs		(1,021	)		(96	)		(1,598	)		(186	)
Recoveries		130			14			160			14
Net write-offs		(891	)		(83	)		(1,438	)		(173	)
Ending balance	$	1,349		$	266		$	1,349		$	266