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Accounts Receivable, Net (Tables) | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Schedule of Net Accounts Receivable | At the end of each period, accounts receivable were comprised of the following:
(in millions) | September 30, 2024 |  | December 31, 2023
Accounts receivable trade, net | $ | 251.3 |  |  | $ | 234.5 |
Unbilled receivable | 10.4 |  |  | 5.7 |
Accounts receivable, net | $ | 261.7 |  |  | $ | 240.2 |
Schedules of Concentration of Risk | The percentages of total revenue for customers that represent 10% or more of total revenue were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Distributor A | 30 | % |  | 26 | % |  | 28 | % |  | 27 | %
Distributor B | 25 | % |  | 23 | % |  | 27 | % |  | 23 | %
Distributor C | 19 | % |  | 21 | % |  | 22 | % |  | 18 | %
Distributor D | * |  | 11 | % |  | * |  | *
* Represents less than 10% of revenue for the period. The percentages of total net accounts receivable trade for customers that represent 10% or more of total net accounts receivable trade were as follows:
| September 30, 2024 |  | December 31, 2023
Distributor A | 34 | % |  | 35 | %
Distributor B | 26 | % |  | 25 | %
Distributor C | 14 | % |  | 18 | %
Schedule of Allowance for Credit Loss | The following table presents the activity in the allowance for credit losses, which is comprised primarily of the Company’s direct consumer receivable portfolio. The allowance for credit losses of other portfolios is insignificant.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Credit losses at beginning of year | $ | 2.8 |  |  | $ | 3.1 |  |  | $ | 2.5 |  |  | $ | 2.5 |
Provision for expected credit losses | — |  |  | 0.1 |  |  | 0.6 |  |  | 2.1 |
Write-offs charged against allowance | — |  |  | (0.7) |  |  | (0.3) |  |  | (2.3) |
Recoveries of amounts previously reserved | — |  |  | — |  |  | — |  |  | 0.2 |
Credit losses at the end of period | $ | 2.8 |  |  | $ | 2.5 |  |  | $ | 2.8 |  |  | $ | 2.5 |

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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