Allowance for Credit Losses

3 Months Ended

Mar. 31, 2023

Credit Loss [Abstract]

Allowance for Credit Losses

Note 16 — Allowance for Credit Losses

We estimate current expected credit losses on our accounts receivable at each reporting date based on our credit loss history, adjusted for current factors including global economic and business conditions, offshore energy 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):

	2023		2022
Balance at January 1,	$	2,277	$	1,477
Additions (reductions) (1)		141		(126)
Balance at March 31,	$	2,418	$	1,351

(1) Additions (reductions) in allowance for credit losses reflect credit loss reserves (releases) during the respective periods.