Accounts Receivable

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Accounts Receivable

Accounts Receivable

Accounts receivable as of December 31, 2024 and 2023 are summarized as follows:

	December 31,
	2024		2023
Accounts receivable	$	66,105	$	54,293
Allowance for credit losses	(1,127)		(809)
Accounts receivable - net	$	64,978	$	53,484

Changes in reserves for uncollectible accounts are recorded as part of “Selling and administrative expenses” in the Consolidated Statements of Operations, and were an expense of $365 and $1,912 for the years ended December 31, 2024 and 2023, respectively. The changes in reserves for uncollectible accounts are net of recoveries of previous write-offs of $335 for the year ended December 31, 2024.

The Company established the allowance for credit losses by calculating the amount to reserve based on the age of a given trade receivable and considering historical collection patterns, bad debt expense experience, expected future trends of collections, current and expected market conditions, and any other relevant subjective adjustments as needed. Management maintains high-quality credit review practices and positive customer relationships that we believe mitigates credit risks. The Company’s reserves are regularly reviewed and revised as necessary.

The following table sets forth the Company’s allowance for credit losses:

	Allowance for Credit Losses
December 31, 2023	$	809
Additions to the current period provision	700
Write-off against allowance	(47)
Recoveries of previous write-offs	(335)
December 31, 2024	$	1,127