Accounts Receivable and Contract Assets, Net

3 Months Ended

Mar. 31, 2023

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Accounts Receivable and Contract Assets, Net

(3) Accounts Receivable and Contract Assets, Net

Accounts receivable, net is as follows (in thousands):

	As of			As of
	March 31, 2023			December 31, 2022
Accounts receivable amortized cost	$	114,984		$	127,298
Allowance for credit losses		(7,930	)		(7,312	)
Net accounts receivable	$	107,054		$	119,986

The following table summarizes the changes in the allowance for credit losses for accounts receivable (in thousands):

	Three Months Ended March 31,
	2023			2022
Balance, beginning of period	$	(7,312	)	$	(6,922	)
Provision for expected credit losses, net		(928	)		(149	)
Write-offs, net		310			298
Balance, end of period	$	(7,930	)	$	(6,773	)

Contract assets, net, included in deferred costs and other current assets on the condensed consolidated balance sheets is as follows (in thousands):

	As of			As of
	March 31, 2023			December 31, 2022
Contract asset amortized cost	$	10,192		$	8,525
Allowance for credit losses		(996	)		(1,015	)
Net contract asset	$	9,196		$	7,510

The following table summarizes the changes in the allowance for credit losses for contract assets (in thousands):

	Three Months Ended March 31,
	2023			2022
Balance, beginning of period	$	(1,015	)	$	(1,160	)
Provision for expected credit losses, net		—			(110	)
Write-offs		19			—
Balance, end of period	$	(996	)	$	(1,270	)

Credit loss expense was $1.6 million and $0.2 million for the three months ended March 31, 2023 and 2022, respectively.

The following table summarizes the changes in the sales reserve (in thousands):

	Three Months Ended March 31,
	2023			2022
Balance, beginning of period	$	(425	)	$	(250	)
Additions		—			—
Write-offs		—			—
Balance, end of period	$	(425	)	$	(250	)