Accounts Receivable, Net

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following (in thousands):

	March 31, 2024		December 31, 2023
Trade accounts receivable	$	194,343	$	178,087
Costs in excess of billings	42,206		52,035
Total accounts receivable	236,549		230,122
Less allowance for doubtful accounts and contract assets	(5,578)		(5,572)
Accounts receivable, net	$	230,971	$	224,550

Refer to Note 3 "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 three month period ended March 31, 2024, 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, 2024	$	5,572
Bad debt expense, net of recoveries	20
Accounts written off against allowance and other adjustments	(14)
Ending balance as of March 31, 2024	$	5,578