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Trade and Other Receivables, Net (Tables)
12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Trade and Other Receivables, Net

Trade and other receivables, net, consist of the following:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in millions)

 

Trade receivables from customers

 

$

130.3

 

 

$

95.1

 

Interest receivable from invested customer funds

 

 

3.2

 

 

 

1.8

 

Other

 

 

20.7

 

 

 

11.7

 

Total gross receivables

 

 

154.2

 

 

 

108.6

 

Less: reserve for sales adjustments

 

 

(4.0

)

 

 

(4.4

)

Less: allowance for doubtful accounts

 

 

(3.9

)

 

 

(3.1

)

Trade and other receivables, net

 

$

146.3

 

 

$

101.1

 

 

Activity Related to Allowance for Doubtful Accounts

The activity related to the allowance for doubtful accounts was as follows:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(Dollars in millions)

 

Balance at beginning of year

 

$

3.1

 

 

$

2.4

 

 

$

1.3

 

Provision for doubtful accounts

 

 

1.8

 

 

 

2.0

 

 

 

3.2

 

Charge-offs, net of recoveries

 

 

(1.0

)

 

 

(1.3

)

 

 

(2.1

)

Balance at end of year

 

$

3.9

 

 

$

3.1

 

 

$

2.4