| Schedule of allowance for credit losses |
Below is a roll forward of the Company’s allowance for credit losses for the three and six months ended June 30, 2022 and 2021 (in thousands).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Credit Losses |
|
|
Trade |
|
Financed |
|
Total |
|
|
Receivables |
|
Receivables |
|
Receivables |
Balance at March 31, 2022 |
|
$ |
14,170 |
|
$ |
3,850 |
|
$ |
18,020 |
Provision for expected credit losses |
|
|
2,350 |
|
|
1,825 |
|
|
4,175 |
Write-offs charged against the allowance |
|
|
(4,218) |
|
|
(1,121) |
|
|
(5,339) |
Recoveries collected |
|
|
1,364 |
|
|
— |
|
|
1,364 |
Balance at June 30, 2022 |
|
$ |
13,666 |
|
$ |
4,554 |
|
$ |
18,220 |
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Credit Losses |
|
|
Trade |
|
Financed |
|
Total |
|
|
Receivables |
|
Receivables |
|
Receivables |
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 |
Balance at June 30, 2021 |
|
$ |
13,863 |
|
$ |
4,341 |
|
$ |
18,204 |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
5,554 |
|
|
2,879 |
|
|
8,433 |
Write-offs charged against the allowance |
|
|
(8,466) |
|
|
(2,310) |
|
|
(10,776) |
Recoveries collected |
|
|
2,693 |
|
|
— |
|
|
2,693 |
Balance at June 30, 2022 |
|
$ |
13,666 |
|
$ |
4,554 |
|
$ |
18,220 |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
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 |
Balance at June 30, 2021 |
|
$ |
13,863 |
|
$ |
4,341 |
|
$ |
18,204 |
|