Accounts Receivable

6 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Accounts Receivable

Accounts ReceivableAccounts receivable includes trade receivables. In connection with certain sales in Asia, the Company accepts a bank promissory note as customer payment. The notes may be presented for payment at maturity, which is less than one year. As of June 30, 2022 and December 31, 2021, Accounts receivable consisted of the following:

(in thousands)	June 30, 2022		December 31, 2021
Trade and other accounts receivable	$	180,657	$	168,046
Bank promissory notes	21,967		26,284
Allowance for expected credit losses	(3,135)		(2,345)
Accounts receivable, net	$	199,489	$	191,985

The Company has Noncurrent receivables in the AEC segment that represent revenue earned, which has extended payment terms. The Noncurrent receivables will be invoiced to the customer over a 10-year period, which began in 2020. As of June 30, 2022 and December 31, 2021, Noncurrent receivables consisted of the following:

(in thousands)	June 30, 2022		December 31, 2021
Noncurrent receivables	$	29,993	$	32,049
Allowance for expected credit losses	(150)		(200)
Noncurrent receivables, net	$	29,843	$	31,849