| Schedule of allowance for credit losses |
Below is a roll forward of the Company’s allowance for credit losses for the three and nine months ended September 30, 2022 and 2021 (in thousands).
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Allowance for Credit Losses |
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Trade |
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Financed |
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Total |
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Receivables |
|
Receivables |
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Receivables |
Balance at June 30, 2022 |
|
$ |
13,666 |
|
$ |
4,554 |
|
$ |
18,220 |
Provision for expected credit losses |
|
|
3,842 |
|
|
1,316 |
|
|
5,158 |
Write-offs charged against the allowance |
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|
(5,095) |
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|
(970) |
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|
(6,065) |
Recoveries collected |
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|
1,370 |
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|
— |
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|
1,370 |
Balance at September 30, 2022 |
|
$ |
13,783 |
|
$ |
4,900 |
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$ |
18,683 |
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Allowance for Credit Losses |
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|
Trade |
|
Financed |
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Total |
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|
Receivables |
|
Receivables |
|
Receivables |
Balance at June 30, 2021 |
|
$ |
13,863 |
|
$ |
4,341 |
|
$ |
18,204 |
Provision for expected credit losses |
|
|
3,526 |
|
|
323 |
|
|
3,849 |
Write-offs charged against the allowance |
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|
(5,163) |
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|
(657) |
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|
(5,820) |
Recoveries collected |
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|
1,247 |
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|
— |
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|
1,247 |
Balance at September 30, 2021 |
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$ |
13,473 |
|
$ |
4,007 |
|
$ |
17,480 |
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|
|
|
Allowance for Credit Losses |
|
|
Trade |
|
Financed |
|
Total |
|
|
Receivables |
|
Receivables |
|
Receivables |
Balance at December 31, 2021 |
|
$ |
13,885 |
|
$ |
3,985 |
|
$ |
17,870 |
Provision for expected credit losses |
|
|
9,396 |
|
|
4,195 |
|
|
13,591 |
Write-offs charged against the allowance |
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|
(13,561) |
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|
(3,280) |
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|
(16,841) |
Recoveries collected |
|
|
4,063 |
|
|
— |
|
|
4,063 |
Balance at September 30, 2022 |
|
$ |
13,783 |
|
$ |
4,900 |
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$ |
18,683 |
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|
|
|
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|
|
|
|
|
|
|
Allowance for Credit Losses |
|
|
Trade |
|
Financed |
|
Total |
|
|
Receivables |
|
Receivables |
|
Receivables |
Balance at December 31, 2020 |
|
$ |
16,854 |
|
$ |
3,231 |
|
$ |
20,085 |
Provision for expected credit losses |
|
|
5,760 |
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|
2,762 |
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|
8,522 |
Write-offs charged against the allowance |
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|
(12,912) |
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|
(1,986) |
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|
(14,898) |
Recoveries collected |
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|
3,771 |
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|
— |
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|
3,771 |
Balance at September 30, 2021 |
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$ |
13,473 |
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$ |
4,007 |
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$ |
17,480 |
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