Accounts Receivable and Contract Assets, Net

3 Months Ended

Mar. 31, 2022

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, 2022			December 31, 2021
Accounts receivable amortized cost	$	116,257		$	127,917
Allowance for credit losses		(6,773	)		(6,922	)
Net accounts receivable	$	109,484		$	120,995

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

	Three Months Ended March 31,
	2022			2021
Balance, beginning of period	$	(6,922	)	$	(3,788	)
Provision for expected credit losses		(149	)		(1,012	)
Write-offs, net		298			28
Balance, end of period	$	(6,773	)	$	(4,772	)

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, 2022			December 31, 2021
Contract asset amortized cost	$	8,058		$	8,569
Allowance for credit losses		(1,270	)		(1,160	)
Net contract asset	$	6,788		$	7,409

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

	Three Months Ended March 31,
	2022			2021
Balance, beginning of period	$	(1,160	)	$	(398	)
Provision for expected credit losses		(110	)		(444	)
Balance, end of period	$	(1,270	)	$	(842	)

Credit loss expense was $0.2 million and $1.4 million for the three months ended March 31, 2022 and 2021, respectively.   

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

	Three Months Ended March 31,
	2022			2021
Balance, beginning of period	$	(250	)	$	(175	)
Write-offs		—			26
Balance, end of period	$	(250	)	$	(149	)