Accounts Receivable and Contract Assets, Net

3 Months Ended

Mar. 31, 2021

Accounts Receivable Net [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, 2021			December 31, 2020
Accounts receivable amortized cost	$	89,582		$	98,164
Allowance for credit losses		(4,772	)		(3,788	)
Net accounts receivable	$	84,810		$	94,376

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

	Three Months Ended March 31,
	2021			2020
Balance, beginning of period	$	(3,788	)	$	(1,125	)
Provision for expected credit losses		(1,012	)		(743	)
Write-offs		28			115
Balance, end of period	$	(4,772	)	$	(1,753	)

Contract assets, net is as follows (in thousands):

	As of			As of
	March 31, 2021			December 31, 2020
Contract asset amortized cost	$	5,890		$	2,560
Allowance for credit losses		(842	)		(398	)
Net contract asset	$	5,048		$	2,162

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

	Three Months Ended March 31,
	2021			2020
Balance, beginning of period	$	(398	)	$	—
Provision for expected credit losses		(444	)		(25	)
Write-offs		—			—
Balance, end of period	$	(842	)	$	(25	)

Credit loss expense was $1.4 million and $0.7 million for the three months ended March 31, 2021 and 2020, respectively.   

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

	Three Months Ended March 31,
	2021			2020
Balance, beginning of period	$	(175	)	$	(175	)
Additions		—			(200	)
Write-offs		26			—
Balance, end of period	$	(149	)	$	(375	)