Accounts Receivable

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Accounts Receivable

3.Accounts Receivable

Accounts receivable consisted of the following:

	December 31,
(table only in thousands)	2023			2022
Accounts receivable	$	119,193		$	87,306
Allowance for credit losses		(6,460	)		(4,220	)
Total accounts receivable	$	112,733		$	83,086

Accounts receivable, net as of the beginning of the prior year period, or January 1, 2022, were $75.0 million.

Balances billed, but not paid by customers under retainage provisions in contracts, amounted to approximately $3.2 million and $1.6 million at December 31, 2023 and 2022, respectively. Retainage receivables as of the beginning of the prior year period, or January 1, 2022, were $1.8 million. 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 Consolidated Balance Sheets depending on timing of expected collection.

Provision for credit losses was $1.6 million, $1.3 million and $0.7 million during 2023, 2022 and 2021, respectively, while accounts (recovered from) charged to the provision were $(0.6) million, $0.6 million and $0.3 million during 2023, 2022 and 2021, respectively.