Accounts Receivable

6 Months Ended

Jun. 30, 2020

Trade accounts receivable are stated at current value less allowances, which approximates fair value. We review our receivables on an ongoing basis to ensure that they are properly valued and collectible. The allowance for credit losses is used to record the estimated risk of loss related to our customers’ inability to pay. This allowance is maintained at a level that we consider appropriate based on factors that affect collectability, such as the financial health of our customers, historical trends of charge-offs and recoveries and current and expected economic market conditions. As we monitor our receivables, we identify customers that may have payment problems, and we adjust the allowance accordingly, with the offset to selling, general and administrative expense. Account balances are charged off against the allowance when recovery is considered remote.

The Company's allowance for credit losses was $0.6 million as of June 30, 2020 and $0.4 million as of December 31, 2019. The following is a rollforward of the allowances for credit losses related to accounts receivable for the six months ended June 30, 2020 by reportable segment:


	Six Months Ended June 30, 2020
	Electrical Systems		Global Seating		Total
Balance - Beginning of period	$	49	$	383	$	432
Provisions	60		177		237
Utilizations	(29)		(30)		(59)
Currency translation adjustment	—		(15)		(15)
Balance - End of period	$	80	$	515	$	595