Accounts Receivable and Allowance for Doubtful Accounts

12 Months Ended

Dec. 31, 2020

Accounts Receivable and Allowance for Doubtful Accounts [Abstract]

Accounts Receivable and Allowance for Doubtful Accounts [Text Block]

Note 13 – Accounts Receivable and Allowance for Doubtful Accounts

As of December 31, 2020 and 2019, the Company had gross trade accounts receivable totaling

$386.1

 million and

$387.7

 million,

respectively. 

The Company recognizes an allowance for credit losses, which represents the portion of the receivable that the Company does not

expect to collect over its contractual life, considering past events and reasonable and supportable forecasts of future economic

conditions. The Company estimates credit losses for trade receivables by aggregating similar customer types, because they tend to

share similar credit risk characteristics. The Company’s allowance for credit losses on its trade accounts receivable is based on

specific collectability facts and circumstances for each outstanding receivable and customer, the aging of outstanding receivables, and

the associated collection risk the Company estimates for certain past due aging categories, and also, the general risk to all outstanding

accounts receivable based on historical amounts determined to be uncollectible. Trade and other receivables are written off when

there is no reasonable expectation of recovery.

The following are changes in the allowance for doubtful accounts during the years ended December 31, 2020, 2019 and 2018:

Exchange Rate

Balance at

Changes

Write-Offs

Changes

Balance 

Beginning

to Costs and

Charged to

and Other

at End

of Period

Expenses

Allowance

Adjustments

of Period

Allowance for Doubtful Accounts

Year ended December 31, 2020

$

11,716

$

3,582

$

(2,187)

$

34

$

13,145

Year ended December 31, 2019

$

5,187

$

1,925

$

(322)

$

4,926

$

11,716

Year ended December 31, 2018

$

5,457

$

493

$

(295)

$

(468)

$

5,187

Included in exchange rate changes and other adjustments for the year ended December 31, 2019 are the allowance for doubtful

accounts of $

5.0

 million related to the acquired receivables in connection with the Combination and Norman Hay acquisition. See

Note 2 of Notes to Consolidated Financial Statements. Included in exchange rate changes and other adjustments for the year ended

December 31, 2018 is a reclassification of $

0.3

 million to other assets related to certain customer receivables due greater than a year.