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.
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