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Accounts Receivable
6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Accounts Receivable

3. Accounts Receivable

(table only in thousands)

 

June 30, 2022

 

 

December 31, 2021

 

Contract receivables

 

$

75,841

 

 

$

65,932

 

Trade receivables

 

 

23,285

 

 

 

12,537

 

Allowance for doubtful accounts

 

 

(3,808

)

 

 

(3,478

)

Total accounts receivable

 

$

95,318

 

 

$

74,991

 

Balances billed but not paid by customers under retainage provisions in contracts within the Condensed Consolidated Balance Sheets amounted to approximately $1.6 million and $1.8 million at June 30, 2022 and December 31, 2021, respectively. Retainage receivables on contracts in progress are generally collected within a year or two subsequent to contract completion, and are recorded in either accounts receivable, net or deferred charges and other assets within the Condensed Consolidated Balance Sheets depending on timing of expected collection.

Bad debt expense was approximately $0.4 million and $0.1 million for the three-month periods ended June 30, 2022 and 2021, respectively, and $0.4 million and $0.1 million for the six-month periods ended June 30, 2022 and 2021, respectively.