Trade Accounts Receivable

6 Months Ended

Jun. 30, 2021

Trade Accounts Receivable [Abstract]

Trade Accounts Receivable

4. Trade Accounts Receivable

Trade accounts receivables are recorded at their face amount, less an allowance for expected losses on doubtful accounts. The allowance for doubtful accounts is calculated based on customer-specific analysis and an aging methodology using historical loss information. The Company believes historical loss information is a reasonable basis for expected credit losses as the Company’s historical credit loss experience correlates with its customer delinquency status. This information is also adjusted for any known current economic conditions, including the current and expected impact of COVID-19. Currently, the COVID-19 pandemic has not had, and is not anticipated to have, a material impact on trade accounts receivable. Forecasted economic conditions have not had a significant impact on the current credit loss estimate due to the short-term nature of the Company’s customer receivables; however, the Company will continue to monitor and evaluate the rapidly changing economic conditions. Additionally, as the Company only has one portfolio segment, there are not different risks between portfolios. Specific accounts are written off against the allowance for doubtful accounts when the receivable is deemed no longer collectible.

The following tables summarize the changes in the allowance for doubtful accounts during the three and six month periods ended June 30, 2021 and 2020:

(In thousands) Three Months Ended June 30, 2021	Allowance for Doubtful Accounts
Balance at March 31, 2021	$	3,614
Provision for expected credit losses		138
Accounts written off		(20	)
Translation and other activity		17
Balance at June 30, 2021	$	3,749

(In thousands) Three Months Ended June 30, 2020	Allowance for Doubtful Accounts
Balance at March 31, 2020	$	7,027
Provision for expected credit losses		116
Accounts written off		(291	)
Divestiture		(2,174	)
Translation and other activity		212
Balance at June 30, 2020	$	4,890

(In thousands) Six Months Ended June 30, 2021	Allowance for Doubtful Accounts
Balance at December 31, 2020	$	3,891
Provision for expected credit losses		294
Accounts written off		(373	)
Translation and other activity		(63	)
Balance at June 30, 2021	$	3,749

(In thousands) Six Months Ended June 30, 2020	Allowance for Doubtful Accounts
Balance at December 31, 2019	$	6,913
Adoption of ASU 2016-13		853
Provision for expected credit losses		356
Accounts written off		(627	)
Divestiture		(2,174	)
Translation and other activity		(431	)
Balance at June 30, 2020	$	4,890