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Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Summary of Concentration of Credit Risk Revenue from the single Government Solutions customer exceeding 10% of total revenue is presented below:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

City of New York Department of Transportation

 

 

18.6

%

 

 

26.7

%

 

 

18.9

%

 

 

25.7

%

Significant customer revenue concentrations generated through the Company’s Commercial Services partners as a percent of total revenue are presented below:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Hertz Corporation

 

 

11.7

%

 

 

13.3

%

 

 

11.4

%

 

 

13.5

%

Avis Budget Group, Inc.

 

 

13.2

%

 

 

13.0

%

 

 

12.4

%

 

 

12.2

%

Enterprise Holdings, Inc.

 

 

9.7

%

 

 

12.8

%

 

 

9.3

%

 

 

13.5

%

Summary of Activity in Allowance for Credit Loss The following presents the activity in the allowance for credit losses for the six months ended June 30, 2022 and 2021, respectively:

 

($ in thousands)

 

Commercial Services
(Driver-billed)
(1)

 

 

Commercial
Services
(All other)

 

 

Government Solutions

 

 

Parking Solutions

 

 

Total

 

Balance at January 1, 2022

 

$

5,397

 

 

$

3,092

 

 

$

3,649

 

 

$

 

 

$

12,138

 

Credit loss expense

 

 

5,879

 

 

 

428

 

 

 

397

 

 

 

332

 

 

 

7,036

 

Write-offs, net of recoveries

 

 

(1,902

)

 

 

(100

)

 

 

(12

)

 

 

(68

)

 

 

(2,082

)

Balance at June 30, 2022

 

$

9,374

 

 

$

3,420

 

 

$

4,034

 

 

$

264

 

 

$

17,092

 

 

($ in thousands)

 

Commercial Services
(Driver-billed)
(1)

 

 

Commercial
Services
(All other)

 

 

Government Solutions

 

 

Total

 

Balance at January 1, 2021

 

$

3,210

 

 

$

4,277

 

 

$

3,984

 

 

$

11,471

 

Credit loss expense

 

 

4,877

 

 

 

(989

)

 

 

(25

)

 

 

3,863

 

Write-offs, net of recoveries

 

 

(2,613

)

 

 

(24

)

 

 

(21

)

 

 

(2,658

)

Balance at June 30, 2021

 

$

5,474

 

 

$

3,264

 

 

$

3,938

 

 

$

12,676