XML 93 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Trade Receivables, net
12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Trades Receivables, net Trade Receivables, net
Trade receivables balances were as follows:
 
December 31,
 
2019
 
2018 ¹
 
(In thousands)
Trade customers
$
511,487

 
$
581,475

Equipment manufacturers
5,146

 
7,166

Other
20,092

 
28,942

Trade receivables
536,725

 
617,583

Less: Allowance for doubtful accounts
(18,178
)
 
(16,355
)
Trade receivables, net
$
518,547

 
$
601,228

 
 
 
 

1
Refer to Note 1 for change in presentation regarding "Contract balance – revenue in transit"
The following is a rollforward of the allowance for doubtful accounts for trade receivables:
 
2019
 
2018
 
2017
 
(In thousands)
Beginning balance
$
16,355

 
$
14,829

 
$
2,727

Provision (reduction)
16,925

 
(3,092
)
 
4,671

Write-offs directly against the reserve
(2,652
)
 
(1,362
)
 
(1,583
)
Write-offs for revenue adjustments
(12,450
)
 
5,861

 
(3,758
)
Other ¹

 
119

 
12,772

Ending balance
$
18,178

 
$
16,355

 
$
14,829

 
 
 
 
 
 

1
Increase in allowance for doubtful accounts relates to trade receivables assumed in 2017 from Swift as part of the 2017 Merger and in 2018 from the Abilene Acquisition. See Note 5 for further details regarding these transactions.
See Note 15 for a discussion of the Company's accounts receivable securitization program and the related accounting treatment.
Notes Receivable, net
The Company provides financing to independent contractors and other third-parties on equipment sold or leased. Most of the notes are collateralized and are due in weekly installments, including principal and interest payments, ranging from 5% to 18%. Notes receivable are included in "Other current assets" and "Other long-term assets" in the consolidated balance sheets and were comprised of:
 
December 31,
 
2019
 
2018
 
(In thousands)
Notes receivable from independent contractors
$
9,167

 
$
9,318

Notes receivable from third parties
6,164

 
7,075

Gross notes receivable
15,331

 
16,393

Allowance for doubtful notes receivable
(503
)
 
(1,051
)
Total notes receivable, net of allowance
$
14,828

 
$
15,342

 
 
 
 
Current portion, net of allowance
4,163

 
4,563

Long-term portion
$
10,665

 
$
10,779

 
 
 
 

The following is a rollforward of the allowance for doubtful notes receivable:
 
2019
 
2018
 
2017
 
(In thousands)
Beginning balance
$
1,051

 
$
1,040

 
$
240

(Reduction) provision
(137
)
 
(100
)
 
574

Write-offs
(411
)
 
(103
)
 
(53
)
Other ¹

 
214

 
279

Ending balance
$
503

 
$
1,051

 
$
1,040

 
 
 
 
 
 
1
Represents an increase in allowance for doubtful notes associated with notes receivable assumed in 2017 from Swift as part of the 2017 Merger and in 2018 from the Abilene Acquisition. See Note 5 for further details regarding these transactions.