Accounts Receivable

9 Months Ended

Sep. 30, 2024

3. Accounts Receivable

Accounts receivable as of September 30, 2024 and December 31, 2023 consisted of the following:


(in thousands)	September 30, 2024			December 31, 2023
Accounts receivable	$	107,325		$	119,193
Provision for credit losses		(7,214	)		(6,460	)
Total accounts receivable, net	$	100,111		$	112,733

Accounts receivable, net as of the beginning of the prior year period, or January 1, 2023, were $83.1 million.

Balances billed but not paid by customers under retainage provisions in contracts within the Condensed Consolidated Balance Sheets amounted to approximately $5.3 million and $3.2 million as of September 30, 2024 and December 31, 2023, 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.

Amounts charged to the provision for credit losses was $0.1 million and $0.2 million for the three months ended September 30, 2024 and 2023, respectively, and $0.4 million and $0.2 for the nine months ended September 30, 2024 and 2023, respectively.