XML 29 R17.htm IDEA: XBRL DOCUMENT v3.23.3
ACCOUNTS RECEIVABLE
12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
ACCOUNTS RECEIVABLE ACCOUNTS RECEIVABLE
Accounts receivable, net of allowances, consisted of the following:
 As of December 31,
(in thousands)20222021
Accounts receivable$110,576 $91,382 
Less: allowance for expected credit losses and sales returns(2,149)(2,853)
Total$108,427 $88,529 
Trade accounts receivable are recorded at invoiced amounts and do not bear interest. The Company generally does not require collateral and performs ongoing credit evaluations of its customers and provides for expected losses. The Company maintains an allowance for expected credit losses based upon the expected collectability of its accounts receivable. The expectation of collectability is based on the Company’s review of credit profiles of customers, contractual terms and conditions, current economic trends and historical payment experience. The Company offers return rights which are specifically identified and accrued for as sales returns at the end of the period.
The following table is a summary of activities in allowances for expected credit losses and sales returns:
(in thousands)Balance at
Beginning of
Period
Charges to
Revenue
Charges
(Credits) to
Expense
Deductions
from Reserves
Balance at End
of Period
Year ended December 31,
2022$2,853 $1,118 $836 $(2,658)$2,149 
2021$2,068 $2,609 $1,533 $(3,357)$2,853 
2020$3,013 $1,367 $299 $(2,611)$2,068