Allowance For Credit Losses

3 Months Ended

Mar. 31, 2024

Credit Loss [Abstract]

Allowance For Credit Losses

Note 15 — 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):

	2024		2023
Balance at January 1,	$	3,407	$	2,277
Additions (1)		293		141
Balance at March 31,	$	3,700	$	2,418

(1) Additions reflect reserves for expected credit losses during the respective periods.