ACCOUNTS AND OTHER RECEIVABLE

6 Months Ended

Jun. 30, 2020

ACCOUNTS AND OTHER RECEIVABLE

ACCOUNTS AND OTHER RECEIVABLE

NOTE 9.    ACCOUNTS AND OTHER RECEIVABLE

Accounts and other receivable are recorded at net realizable value. Components of accounts and other receivable, net of reserves, are as follows:

	June 30,		December 31,
	2020		2019
Amounts billed, net	$	219,073	$	227,528
Unbilled receivables		16,540		19,036
Total receivables, net	$	235,613	$	246,564

Amounts billed, net consist of amounts that have been invoiced to our customers in accordance with terms and conditions and are shown net of an allowance for credit losses. These receivables are all short-term in nature and do not include any financing components.

Unbilled receivables consist of amounts where we have satisfied our contractual obligations related to inventory stocking contracts with customers. Such amounts typically become billable to the customer upon their consumption of the inventory managed under the stocking contracts. We anticipate that substantially all unbilled receivables will be invoiced and collected over the next twelve months. These contracts do not include any financing components.

The following table summarizes the changes in expected credit losses:

December 31, 2019	$	7,745
Additions		146
Deductions - write-offs, net of recoveries		(414)
June 30, 2020	$	7,477