Credit Losses

12 Months Ended

Dec. 31, 2023

Credit Loss [Abstract]

Credit Losses

Credit Losses

We are exposed to credit losses primarily through sales of products and services. Our expected loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade accounts receivables. Due to the short-term nature of such receivables, the estimate of accounts receivable that may not be collected is based upon the aging of accounts receivable balances and the financial condition of customers. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. Our monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of customers' financial condition and macroeconomic conditions. Balances are written off when determined to be uncollectible.

Estimates are used to determine the allowance, which is based upon an assessment of anticipated payments as well as other information that is reasonably available. The following table presents the activity in the allowance for doubtful accounts for the years ended December 31, 2023 and 2022 (in thousands).

Balance at December 31, 2021	$	4,864
Current period provision	6,615
Write-offs	(3,648)
Recoveries collected	(121)
Acquisitions	319
Currency impact	(75)
Balance at December 31, 2022	$	7,954
Current period provision	15,745
Write-offs	(154)
Recoveries collected	(861)
Acquisitions	422
Currency impact	8
Balance at December 31, 2023	$	23,114