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Accounts Receivable, Net
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Accounts Receivable, Net Accounts Receivable, Net
At the end of each period, accounts receivable were comprised of the following:
(in millions)September 30, 2024December 31, 2023
Accounts receivable trade, net$251.3 $234.5 
Unbilled receivable10.4 5.7 
Accounts receivable, net$261.7 $240.2 
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, 2024December 31, 2023
Distributor A34 %35 %
Distributor B26 %25 %
Distributor C
14 %18 %
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)2024202320242023
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 
The Company outsources the insurance claim submissions process to a third-party service provider in one country in which it operates. Under this agreement, the Company transfers certain receivables in exchange for cash in advance. If the third-party service provider is unable to collect on the transferred receivables, the third-party service provider has recourse to the Company. This arrangement is accounted for as a secured borrowing with a pledge of collateral as the transfer does not meet the criteria for sale accounting. Receivables pledged as collateral of $17.8 million are included in accounts receivable on the consolidated balance sheet as of September 30, 2024. Liabilities associated with the secured borrowings of $17.8 million are included within accrued expenses and other current liabilities in the consolidated balance sheet at September 30, 2024. No amounts were outstanding as of December 31, 2023. The classification within current liabilities is based on the expected resolution of the underlying receivables. The proceeds from and repayments of secured borrowings are reflected as cash flows provided by (used in) financing activities in the consolidated statement of cash flows.