Trade Accounts Receivable

6 Months Ended

Jun. 30, 2023

Trade Accounts Receivable [Abstract]

3.	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. 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 as economic conditions change. 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 table summarizes the changes in the allowance for doubtful accounts during the three and six month periods ended June 30, 2023 and 2022:

(In thousands) Three Months Ended June 30, 2023	Allowance for Doubtful Accounts
Balance at March 31, 2023	$	4,045
Provision for expected credit losses		371
Accounts written off		(193	)
Translation and other activity		70
Balance at June 30, 2023	$	4,293

(In thousands) Three Months Ended June 30, 2022	Allowance for Doubtful Accounts
Balance at March 31, 2022	$	4,912
Provision for expected credit losses		547
Accounts written off		(729	)
Translation and other activity		(236	)
Balance at June 30, 2022	$	4,494

(In thousands) Six Months Ended June 30, 2023	Allowance for Doubtful Accounts
Balance at December 31, 2022	$	4,436
Provision for expected credit losses		491
Accounts written off		(807	)
Translation and other activity		173
Balance at June 30, 2023	$	4,293

(In thousands) Six Months Ended June 30, 2022	Allowance for Doubtful Accounts
Balance at December 31, 2021	$	4,877
Provision for expected credit losses		832
Accounts written off		(1,096	)
Translation and other activity		(119	)
Balance at June 30, 2022	$	4,494