| 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, 2024 and 2023.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Credit Losses |
| (in thousands) |
Trade
Receivables |
|
Financed
Receivables |
|
Total
Receivables |
| Balance at December 31, 2023 |
$ |
15,797
|
|
|
$ |
5,602
|
|
|
$ |
21,399
|
|
| Provision for expected credit losses |
4,823 |
|
|
2,870 |
|
|
7,693 |
|
| Write-offs charged against the allowance |
(7,184) |
|
|
(2,362) |
|
|
(9,546) |
|
| Recoveries collected |
1,428 |
|
|
146 |
|
|
1,574 |
|
| Balance at March 31, 2024 |
$ |
14,864
|
|
|
$ |
6,256
|
|
|
$ |
21,120
|
|
| Provision for expected credit losses |
4,503 |
|
|
2,941 |
|
|
7,444 |
|
| Write-offs charged against the allowance |
(4,690) |
|
|
(2,985) |
|
|
(7,675) |
|
| Recoveries collected |
1,423 |
|
|
195 |
|
|
1,618 |
|
| Balance at June 30, 2024 |
$ |
16,100
|
|
|
$ |
6,407
|
|
|
$ |
22,507
|
|
| Provision for expected credit losses |
7,268 |
|
|
2,510 |
|
|
$ |
9,778 |
|
| Write-offs charged against the allowance |
(6,244) |
|
|
(1,361) |
|
|
$ |
(7,605) |
|
| Recoveries collected |
1,424 |
|
|
69 |
|
|
$ |
1,493 |
|
| Balance at September 30, 2024 |
$ |
18,548
|
|
|
$ |
7,625
|
|
|
$ |
26,173
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Credit Losses |
| (in thousands) |
Trade
Receivables |
|
Financed
Receivables |
|
Total
Receivables |
| Balance at December 31, 2022 |
$ |
14,073 |
|
|
$ |
4,968 |
|
|
$ |
19,041 |
|
| Provision for expected credit losses |
1,461 |
|
|
2,435 |
|
|
3,896 |
|
| Write-offs charged against the allowance |
(4,687) |
|
|
(1,927) |
|
|
(6,614) |
|
| Recoveries collected |
1,629 |
|
|
— |
|
|
1,629 |
|
| Balance at March 31, 2023 |
$ |
12,476 |
|
|
$ |
5,476 |
|
|
$ |
17,952 |
|
| Provision for expected credit losses |
3,185 |
|
|
2,865 |
|
|
6,050 |
|
| Write-offs charged against the allowance |
(4,271) |
|
|
(2,332) |
|
|
(6,603) |
|
| Recoveries collected |
1,349 |
|
|
— |
|
|
1,349 |
|
| Balance at June 30, 2023 |
$ |
12,739 |
|
|
$ |
6,009 |
|
|
$ |
18,748 |
|
| Provision for expected credit losses |
4,739 |
|
|
2,799 |
|
|
7,538 |
|
| Write-offs charged against the allowance |
(5,582) |
|
|
(2,731) |
|
|
(8,313) |
|
| Recoveries collected |
1,428 |
|
|
— |
|
|
1,428 |
|
| Balance at September 30, 2023 |
$ |
13,324 |
|
|
$ |
6,077 |
|
|
$ |
19,401 |
|
|
|
|
|
|
|
|