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Accounts Receivables & Allowance for Doubtful Receivables
6 Months Ended
Jun. 30, 2024
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable & Allowance for Doubtful Receivables Accounts Receivable & Allowance for Doubtful Receivables
The Company maintains an allowance for doubtful receivables that in management’s judgment reflects losses inherent in the portfolio. A provision for doubtful receivables is recorded to adjust the level of the allowance in accordance with GAAP.
Changes in the allowance for doubtful trade receivables for the three and six months ended June 30, 2024 and 2023 were as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Beginning balance$3,931 $4,371 $2,868 $4,860 
Provision for bad debt2,045 2,251 2,777 3,279 
Net write-offs
Write-offs(855)(4,225)(1,117)(8,188)
Recoveries386 1,232 979 3,678 
Net (write-offs) recoveries(469)(2,993)(138)(4,510)
Ending balance$5,507 $3,629 $5,507 $3,629 
Changes in the allowance for doubtful finance receivables for the three and six months ended June 30, 2024 and 2023 were as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Beginning balance$3,728 $2,256 $3,428 $2,275 
Provision for bad debt916 1,380 2,278 2,528 
Net write-offs
Write-offs(1,615)(771)(2,810)(2,152)
Recoveries163 183 296 397 
Net (write-offs) recoveries(1,452)(588)(2,514)(1,755)
Ending balance$3,192 $3,048 $3,192 $3,048