XML 27 R12.htm IDEA: XBRL DOCUMENT
v3.25.3

ALLOWANCE FOR CREDIT LOSSES | 9 Months Ended
--- | ---
Sep. 30, 2025
Receivables [Abstract] |
ALLOWANCE FOR CREDIT LOSSES | ALLOWANCE FOR CREDIT LOSSES The Company is exposed to credit losses primarily related to accounts receivables and financed receivables derived from customer services revenue. To reduce credit risk for residential pest control accounts receivable, we promote enrollment in our auto-pay programs. In general, we may suspend future services for customers with past due balances. The Company’s credit risk is generally low with a large number of individuals and entities comprising Rollins’ customer base and dispersion across many different geographical regions. The Company manages its financed receivables on an aggregate basis when assessing and monitoring credit risks. The Company’s established credit evaluation and monitoring procedures seek to minimize the amount of business we conduct with higher risk customers. The credit quality of a potential obligor is evaluated at the loan origination based on an assessment of the individual’s credit bureau score. The Company requires a potential obligor to have good credit worthiness with low risk before entering into a contract. Depending upon the individual’s credit score, the Company may accept with 100% financing, require a significant down payment or turn down the contract. Delinquencies of accounts are monitored each month. Financed receivables include installment receivable amounts, some of which are due subsequent to one year from the balance sheet dates. The Company’s allowances for credit losses for trade accounts receivable and financed receivables are developed using historical collection experience, current economic and market conditions, reasonable and supportable forecasts, and a review of the current status of customers’ receivables. The Company’s receivable pools are classified between residential customers, commercial customers, large commercial customers, and financed receivables. Accounts are written off against the allowance for credit losses when the Company determines that amounts are uncollectible, and recoveries of amounts previously written off are recorded when collected. The Company stops accruing interest to these receivables when they are deemed uncollectible. Below is a roll forward of the Company’s allowance for credit losses for the three and nine months ended September 30, 2025 and 2024.
| Allowance for Credit Losses
(in thousands) | Trade Receivables |  | Financed Receivables |  | Total Receivables
Balance at December 31, 2024 | $ | 19,770 |  |  | $ | 8,686 |  |  | $ | 28,456 |
Provision for expected credit losses | 8,081 |  |  | 2,649 |  |  | 10,730 |
Write-offs charged against the allowance | (5,428) |  |  | (2,460) |  |  | (7,888) |
Recoveries collected | 1,276 |  |  | 241 |  |  | 1,517 |
Balance at March 31, 2025 | $ | 23,699 |  |  | $ | 9,116 |  |  | $ | 32,815 |
Provision for expected credit losses | 3,031 |  |  | 2,700 |  |  | 5,731 |
Write-offs charged against the allowance | (5,057) |  |  | (2,339) |  |  | (7,396) |
Recoveries collected | 1,209 |  |  | 286 |  |  | 1,495 |
Balance at June 30, 2025 | $ | 22,882 |  |  | $ | 9,763 |  |  | $ | 32,645 |
Provision for expected credit losses | 5,088 |  |  | 3,195 |  |  | 8,283 |
Write-offs charged against the allowance | (6,769) |  |  | (2,372) |  |  | (9,141) |
Recoveries collected | 1,220 |  |  | 286 |  |  | 1,506 |
Balance at September 30, 2025 | $ | 22,421 |  |  | $ | 10,872 |  |  | $ | 33,293 |
| Allowance for Credit Losses
(in thousands) | Trade Receivables |  | Financed Receivables |  | Total Receivables
Balance at December 31, 2023 | $ | 15,797 |  |  | $ | 5,602 |  |  | $ | 21,399 |
Provision for expected credit losses | 4,823 |  |  | 2,870 |  |  | 7,693 |
Write-offs charged against the allowance | (7,184) |  |  | (2,362) |  |  | (9,546) |
Recoveries collected | 1,428 |  |  | 146 |  |  | 1,574 |
Balance at March 31, 2024 | $ | 14,864 |  |  | $ | 6,256 |  |  | $ | 21,120 |
Provision for expected credit losses | 4,503 |  |  | 2,941 |  |  | 7,444 |
Write-offs charged against the allowance | (4,690) |  |  | (2,985) |  |  | (7,675) |
Recoveries collected | 1,423 |  |  | 195 |  |  | 1,618 |
Balance at June 30, 2024 | $ | 16,100 |  |  | $ | 6,407 |  |  | $ | 22,507 |
Provision for expected credit losses | 7,268 |  |  | 2,510 |  |  | 9,778 |
Write-offs charged against the allowance | (6,244) |  |  | (1,361) |  |  | (7,605) |
Recoveries collected | 1,424 |  |  | 69 |  |  | 1,493 |
Balance at September 30, 2024 | $ | 18,548 |  |  | $ | 7,625 |  |  | $ | 26,173 |

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration