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Accounts Receivable
3 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Accounts Receivable Accounts Receivable
June 30, 2024March 31, 2024
Billed$134,612 $136,604 
Unbilled72,638 64,117 
Allowance for credit losses(9,215)(9,706)
Accounts receivable, net$198,035 $191,015 
Billed accounts receivable represent amounts billed to customers for which the Company has an unconditional right to consideration. Unbilled accounts receivable represent revenue recognized but billed after period-end. All unbilled receivables as of June 30, 2024 are expected to be billed and collected (subject to the allowance for credit losses) within twelve months.
Allowance for Credit Losses
The Company maintains reserves for current expected credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, current economic trends, and changes in customer payment patterns to evaluate the adequacy of these reserves.
Changes in the allowance for credit losses on trade receivables were as follows:
Three months ended June 30,
20242023
Balance, beginning of period
$9,706 $10,206 
Provision for credit losses
214 739 
Write-offs, net of recoveries
(705)(626)
Balance, end of period
$9,215 $10,319 
The Company recorded $214 of credit loss expense during the three months ended June 30, 2024, and $739 of credit loss expense during the three months ended June 30, 2023, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income.