Accounts Receivable, Net

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Trade accounts receivable	$	216,754	$	179,170
Costs in excess of billings	43,715		41,732
Total accounts receivable	260,469		220,902
Less allowance for doubtful accounts and contract assets	(4,069)		(3,746)
Accounts receivable, net	$	256,400	$	217,156

Refer to Note 4 "Revenue" concerning the Company's costs in excess of billings.

The following table provides a roll-forward of the allowance for credit losses, for the nine month period ended September 30, 2023, that is deducted from the amortized cost basis of accounts receivable to present the net amount expected to be collected (in thousands):

Beginning balance as of January 1, 2023	$	3,746
Bad debt expense, net of recoveries	1,479
Accounts written off against allowance and other adjustments	(1,156)
Ending balance as of September 30, 2023	$	4,069