ACCOUNTS AND OTHER RECEIVABLES, NET

9 Months Ended

Sep. 30, 2022

ACCOUNTS AND OTHER RECEIVABLES, NET

ACCOUNTS AND OTHER RECEIVABLES, NET

NOTE 8.    ACCOUNTS AND OTHER RECEIVABLES, NET

We record accounts and other receivables at net realizable value. Components of accounts and other receivables, net of reserves, were as follows:

	September 30,		December 31,
	2022		2021
Amounts billed, net	$	289,007	$	217,549
Unbilled receivables		18,011		19,678
Total receivables, net	$	307,018	$	237,227

"Amounts billed, net" represents amounts invoiced to customers in accordance with our terms and conditions and includes an allowance for expected credit losses. These receivables are short term in nature and do not include any financing components.

"Unbilled receivables" consist of amounts where we satisfied our contractual obligations associated with customer inventory stocking agreements. Such amounts typically become billable upon the customer’s consumption of the inventory. We anticipate invoicing and collecting substantially all unbilled receivables within the next twelve months.

The following table summarizes the changes in expected credit losses:

December 31, 2021	$	5,784
Additions		441
Deductions - write-offs, net of recoveries		(4,170)
Foreign currency translation		(30)
September 30, 2022	$	2,025