Allowance For Credit Losses

9 Months Ended

Sep. 30, 2020

Credit Loss [Abstract]

Allowance For Credit Losses

Allowance for Credit Losses

We estimate current expected credit losses on our accounts receivable at each reporting date. We estimate current expected credit losses based on our credit loss history, adjusted for current factors including global economic and business conditions, oil and gas industry and market conditions, customer mix, contract payment terms and past due accounts receivable.

The following table sets forth the activity in our allowance for credit losses (in thousands):

	Allowance for Credit Losses
Balance at December 31, 2019	$	—
Initial adoption of ASU 2016-13 (Note 1)	785
Provision for current expected credit losses (1)	2,387
Balance at September 30, 2020	$	3,172

(1)This amount consists of a $1.7 million credit loss reserve related to a receivable in our Robotics segment and general current expected credit loss adjustments.