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Trade accounts receivable - net
12 Months Ended
Dec. 31, 2023
Trade accounts receivable - net  
Trade accounts receivable - net

Note 3 - Trade accounts receivable – net

The opening and closing balance of the company’s accounts receivable is as follows:

Beginning

Increase

Balance

(Decrease),

Ending Balance

(in thousands)

    

at January 1

    

Net

    

at December 31

2023

$

20,872

$

4,297

$

25,169

2022

$

14,223

$

6,649

$

20,872

At December 31, 2023 and 2022, trade accounts receivable are net of reserves for allowance for credit losses of $2.0 million and $1.9 million, respectively. The following table represents the activity occurring in the reserves for allowance for credit losses in 2023 and 2022.

Beginning

Net additions

Balance

charged to

Deductions

Ending Balance

(in thousands)

    

at January 1

    

Operations

    

and Other

    

at December 31

2023

$

1,927

$

659

$

(592)

$

1,994

2022

$

1,584

$

474

$

(131)

$

1,927