Accounts Receivable and Contract Assets, Net

12 Months Ended

Dec. 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 December 31,
	2023			2022
Accounts receivable amortized cost	$	125,522		$	127,298
Allowance for credit losses		(6,133	)		(7,312	)
Net accounts receivable	$	119,389		$	119,986

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

	Year Ended December 31,
	2023			2022			2021
Balance, beginning of period	$	(7,312	)	$	(6,922	)	$	(3,788	)
Provision for expected credit losses, net		(1,564	)		(1,413	)		(3,512	)
Write-offs		2,743			1,023			378
Balance, end of period	$	(6,133	)	$	(7,312	)	$	(6,922	)

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

	As of December 31,
	2023			2022
Contract asset amortized cost	$	9,001		$	8,525
Allowance for credit losses		(606	)		(1,015	)
Net contract asset	$	8,395		$	7,510

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

	Year Ended December 31,
	2023			2022			2021
Balance, beginning of period	$	(1,015	)	$	(1,160	)	$	(398	)
Provision for expected credit losses, net		—			(24	)		(798	)
Write-offs		409			169			36
Balance, end of period	$	(606	)	$	(1,015	)	$	(1,160	)

Credit loss expense for the years ended December 31, 2023, 2022 and 2021 was $2.0 million, $0.2 million and $4.4 million, respectively. A payment received from a customer during the year ended December 31, 2022 reduced credit losses expense by $1.4 million.

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

	Year Ended December 31,
	2023			2022			2021
Balance, beginning of period	$	(425	)	$	(250	)	$	(175	)
Additions		—			(211	)		(239	)
Write-offs		—			36			164
Balance, end of period	$	(425	)	$	(425	)	$	(250	)