Accounts Receivable

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Accounts Receivable

Accounts Receivable

Accounts receivable includes trade receivables. In connection with certain sales in Asia, the Company accepts a bank promissory note as customer payment. The notes may be presented for payment at maturity, which is less than one year. As of June 30, 2021 and December 31, 2020, Accounts receivable consisted of the following:

(in thousands)	June 30, 2021		December 31, 2020
Trade and other accounts receivable	$	170,029	$	167,370
Bank promissory notes	24,847		24,860
Allowance for expected credit losses	(3,939)		(3,807)
Accounts receivable, net	$	190,937	$	188,423

The Company has Noncurrent receivables in the AEC segment that represent revenue earned, which has extended payment terms. The Noncurrent receivables will be invoiced to the customer over a 10-year period, which began in 2020. As of June 30, 2021 and December 31, 2020, Noncurrent receivables consisted of the following:

(in thousands)	June 30, 2021		December 31, 2020
Noncurrent receivables	$	34,726	$	36,539
Allowance for expected credit losses	(260)		(274)
Noncurrent receivables, net	$	34,466	$	36,265