Accounts Receivable, Net

9 Months Ended

Sep. 30, 2022

Note 8: Accounts Receivable, Net

At September 30, 2022 and December 31, 2021, accounts receivable, net, was comprised of the following:


	September 30,			December 31,
(In thousands)	2022			2021
Billed accounts receivable	$	110,428		$	102,028
Unbilled accounts receivable		61,743			42,256
Allowance for contract losses and doubtful accounts		(6,157	)		(4,423	)
Total accounts receivable, net	$	166,014		$	139,861

The Company maintains allowances for estimated losses over the remaining contractual life of its receivables resulting from the inability of customers to meet their financial obligations or for disputes that affect the Company’s ability to fully collect amounts due. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations or aware of a dispute with a specific customer, a specific allowance is recorded to reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other

customers the Company recognizes allowances for doubtful accounts based upon historical write-offs, customer concentration, customer creditworthiness, current economic conditions, aging of amounts due and future expectations.

A reconciliation of the beginning and ending amount of the allowance for contract losses and doubtful accounts is as follows (in thousands):


Balance at December 31, 2021	$	4,423
Provision for contract losses and doubtful accounts		2,112
Write-offs		(378	)
Balance at September 30, 2022	$	6,157