XML 20 R9.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Business Combinations and Dispositions
3 Months Ended
Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Business Combinations and Dispositions Business Combinations and Dispositions
Dispositions
Canada
On September 19, 2023, we entered into an asset purchase agreement with an unrelated third party for the sale of certain net assets used in connection with the operation of our Canadian subsidiary, Allbirds Canada, ULC. As part of this transaction, we are to be paid a total consideration of $1.3 million, payable in four separate installments, commencing on November 15, 2023 and ending on March 15, 2024, recorded in other receivables within prepaid expenses and other current assets on our condensed consolidated balance sheet.
As a result of our ongoing credit evaluations, we recorded $0.8 million of bad debt expense and an impairment of $0.4 million related to a distributor note receivable for the three months ended March 31, 2024. As of March 31, 2024, our allowance for doubtful accounts was $1.2 million, which was comprised of $0.8 million within accounts receivable and $0.4 million within prepaid expenses and other current assets on the condensed consolidated balance sheets.