| ALLOWANCE FOR CREDIT LOSSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
|
|
|
Allowance for Credit Losses |
|
|
|
|
Trade |
|
|
Financed |
|
|
Total |
|
|
|
|
Receivables |
|
|
Receivables |
|
|
Receivables |
|
| Beginning Balance |
Balance at March 31, 2021 |
|
$ |
15,731 |
|
|
$ |
3,370 |
|
|
$ |
19,101 |
|
|
Provision for expected credit losses |
|
|
369 |
|
|
|
1,618 |
|
|
|
1,987 |
|
|
Write-offs charged against the allowance |
|
|
(3,650 |
) |
|
|
(645 |
) |
|
|
(4,295 |
) |
|
Recoveries collected |
|
|
1,413 |
|
|
|
(2 |
) |
|
|
1,411 |
|
| Ending Balance |
Balance at June 30, 2021 |
|
$ |
13,863 |
|
|
$ |
4,341 |
|
|
$ |
18,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Credit Losses |
|
|
|
|
Trade |
|
|
Financed |
|
|
Total |
|
|
|
|
Receivables |
|
|
Receivables |
|
|
Receivables |
|
| Beginning Balance |
Balance at December 31, 2020 |
|
$ |
16,854 |
|
|
$ |
3,231 |
|
|
$ |
20,085 |
|
|
Provision for expected credit losses |
|
|
2,234 |
|
|
|
2,439 |
|
|
|
4,673 |
|
|
Write-offs charged against the allowance |
|
|
(7,749 |
) |
|
|
(1,326 |
) |
|
|
(9,075 |
) |
|
Recoveries collected |
|
|
2,524 |
|
|
|
(3 |
) |
|
|
2,521 |
|
| Ending Balance |
Balance at June 30, 2021 |
|
$ |
13,863 |
|
|
$ |
4,341 |
|
|
$ |
18,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Credit Losses |
|
|
|
|
Trade |
|
|
Financed |
|
|
Total |
|
|
|
|
Receivables |
|
|
Receivables |
|
|
Receivables |
|
| Beginning Balance |
Balance at March 31, 2020 |
|
$ |
11,861 |
|
|
$ |
3,053 |
|
|
$ |
14,914 |
|
|
Provision for expected credit losses |
|
|
6,927 |
|
|
|
554 |
|
|
|
7,481 |
|
|
Write-offs charged against the allowance |
|
|
(4,454 |
) |
|
|
(593 |
) |
|
|
(5,047 |
) |
|
Recoveries collected |
|
|
2,118 |
|
|
|
— |
|
|
|
2,118 |
|
| Ending Balance |
Balance at June 30, 2020 |
|
$ |
16,452 |
|
|
$ |
3,014 |
|
|
$ |
19,466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Credit Losses |
|
|
|
|
Trade |
|
|
Financed |
|
|
Total |
|
|
|
|
Receivables |
|
|
Receivables |
|
|
Receivables |
|
| Beginning Balance |
Balance at December 31, 2019 |
|
$ |
16,699 |
|
|
$ |
2,959 |
|
|
$ |
19,658 |
|
|
Adoption of ASC 326 |
|
|
(3,330 |
) |
|
|
— |
|
|
|
(3,330 |
) |
|
Provision for expected credit losses |
|
|
8,480 |
|
|
|
1,288 |
|
|
|
9,768 |
|
|
Write-offs charged against the allowance |
|
|
(8,233 |
) |
|
|
(1,233 |
) |
|
|
(9,466 |
) |
|
Recoveries collected |
|
|
2,836 |
|
|
|
— |
|
|
|
2,836 |
|
| Ending Balance |
Balance at June 30, 2020 |
|
$ |
16,452 |
|
|
$ |
3,014 |
|
|
$ |
19,466 |
|
|