ACCOUNTS RECEIVABLE, NET

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

(in thousands)	March 31, 2018			December 31, 2017
Billed	$	42,509		$	40,787
Unbilled	19,231			22,532
	61,740			63,319
Less: Allowance for doubtful accounts	(10,901		)	(10,579		)
Total	$	50,839		$	52,740

Unbilled accounts receivable consist primarily of certain real estate asset management and sales services for which we generally recognize revenue when the service is provided but collect upon closing of the sale, and foreclosure trustee services, for which we generally recognize revenues over the service delivery period but bill following completion of the service. We also include amounts in unbilled accounts receivable that are earned during a month and billed in the following month.