ACCOUNTS RECEIVABLE AND NOTES RECEIVABLE, NET OF ALLOWANCE (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Accounts Receivable, Allowance for Credit Loss

Accounts receivable represents outstanding balances from sending agents for pending wire transfers or money orders from our customers. The outstanding balance, net of allowance for credit losses, consists of the following (in thousands):

	March 31, 2021		December 31, 2020
Accounts receivable	$	68,369	$	56,520
Allowance for credit losses	(1,580)		(1,503)
Accounts receivable, net	$	66,789	$	55,017

The changes in the allowance for credit losses related to accounts receivable and notes receivable are as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
Beginning balance	$	2,042	$	1,236
Provision	162		737
Charge-offs	(265)		(629)
Recoveries	119		133
Ending Balance	$	2,058	$	1,477

The allowance for credit losses allocated by financial instrument category is as follows (in thousands):

	March 31, 2021		December 31, 2020
Accounts receivable	$	1,580	$	1,503
Notes receivable	478		539
Allowance for credit losses	$	2,058	$	2,042

Notes Receivable, Net of Allowance for Credit Loss

The Company had notes receivable, net of allowance for credit losses, from sending agents as follows (in thousands):

	March 31, 2021		December 31, 2020
Notes receivable, current	$	570	$	710
Allowance for credit losses	(204)		(244)
Net current	$	366	$	466
Notes receivable, long-term	$	763	$	816
Allowance for credit losses	(274)		(295)
Net long-term	$	489	$	521

Maturities of Notes Receivable

The maturities of notes receivable at March 31, 2021 are as follows (in thousands):

	Unpaid Principle Balance
Under 1 year	$	570
Between 1 and 2 years	516
Between 2 and 3 years	247
Total	$	1,333