Accounts Receivable (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Schedule of Accounts Receivable

Accounts 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 March 31, 2020 and December 31, 2019, Accounts receivable consisted of the following:

(in thousands)	March 31, 2020	December 31, 2019
Trade and other accounts receivable	$197,951	$201,427
Bank promissory notes	17,063	18,563
Allowance for expected credit losses	(3,933)	(1,719)
Accounts receivable, net	$211,081	$218,271

Schedule of Contract Receivables

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, with 2% interest, over a 10-year period starting in 2020. As of March 31, 2020 and December 31, 2019, Noncurrent receivables consisted of the following:

(in thousands)	March 31, 2020	December 31, 2019
Noncurrent receivables	$39,325	$41,234
Allowance for expected credit losses	(396)	-
Noncurrent receivables, net	$38,929	$41,234

Schedule of Changes in Allowance for Credit Losses for Accounts receivable

The following table presents the year-to-date (increases)/ decreases in the allowance for credit losses for Accounts receivable:

		CECL
	December 31,	transition		Currency		March 31,
(in thousands)	2019	adjustment	Charges	translation	Other	2020
Specific customer reserves	$(1,719)	$(44)	$(89)	$116	$42	$(1,694)
Incremental expected credit losses	-	(1,139)	(1,133)	38	(5)	(2,239)
Accounts receivable expected credit losses	$(1,719)	$(1,183)	$(1,222)	$154	$37	$(3,933)

Schedule of Changes in Allowance for Credit Losses for Noncurrent receivables

The following table presents the year-to-date (increases)/decreases in the allowance for credit losses for Noncurrent receivables:

		CECL
	December 31,	transition		Currency		March 31,
(in thousands)	2019	adjustment	Charges	translation	Other	2020
Noncurrent receivables expected credit losses	$-	$(206)	$(201)	$11	$-	$(396)