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Accounts Receivable
12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Accounts Receivable
3.
Accounts Receivable

Accounts receivable consisted of the following:

 

 

December 31,

 

(table only in thousands)

 

2022

 

 

2021

 

Contract receivables

 

$

71,363

 

 

$

65,932

 

Trade receivables

 

 

15,943

 

 

 

12,537

 

Allowance for credit losses

 

 

(4,220

)

 

 

(3,478

)

Total accounts receivable

 

$

83,086

 

 

$

74,991

 

Balances billed, but not paid by customers under retainage provisions in contracts, amounted to approximately $1.6 million and $1.8 million at December 31, 2022 and 2021, respectively. Retainage receivables on contracts in progress are generally collected within a year or two subsequent to contract completion, and are recorded in either accounts receivable, net or deferred charges and other assets within the Consolidated Balance Sheets depending on timing of expected collection.

Provision for credit losses was $1.3 million, $0.7 million and $0.9 million during 2022, 2021 and 2020, respectively, while accounts charged to the allowance were $0.6 million, $0.3 million and $0.4 million during 2022, 2021 and 2020, respectively.