Accounts Receivable, Net

3 Months Ended

Mar. 31, 2023

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Accounts Receivable, Net

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

	March 31, 2023		December 31, 2022
In thousands
Trade receivables	$	41,989	$	31,126
U.S. Government contracts:
Billed	15,576		14,150
Cost and accrued profit - not billed	1,588		661
Commercial and other government contracts
Billed	42,615		41,520
Cost and accrued profit - not billed	2,268		2,268
Less allowance for doubtful accounts	(2,744)		(2,066)
Accounts receivable, net	$	101,292	$	87,659

The Company performs ongoing evaluations of its customers’ current creditworthiness, as determined by the review of their credit information, to determine if events have occurred subsequent to the recognition of revenue and the related receivable that provide evidence that such receivable will be realized in an amount less than that recognized at the time of sale. Estimates of credit losses are based on historical losses, current economic conditions, geographic considerations, and in some cases, evaluating specific customer accounts for risk of loss.

The following table summarizes the activity in the allowance for doubtful accounts in the three-month fiscal period ended March 31, 2023:

In thousands
Balance at December 31, 2022	$	(2,066)
Provision	(805)
Amounts written off	57
Recoveries	71
Changes in foreign currency exchange rates	(1)
Balance at March 31, 2023	$	(2,744)

There were no amounts included in accounts receivable, net for matters such as contract changes, negotiated settlements and claims for unanticipated contract costs at March 31, 2023 and December 31, 2022.