Accounts receivable, net of allowance for credit losses

3 Months Ended

Mar. 31, 2020

Accounts receivable, net of allowance for credit losses

5. Accounts receivable, net of allowance for credit losses

The following table provides details of the Company’s allowance for credit losses:


	Year ended December 31, 2019			Three months ended March 31, 2020
Opening balance as of January 1	$	23,960		$	29,969
Transition period adjustment on accounts receivables (through retained earnings) pursuant to ASC 326		—			4,185
Adjusted balance as of January 1	$	23,960		$	34,154
Additions due to acquisitions		1,004			—
Additions charged/reversal released to cost and expense		7,443			737
Deductions/effect of exchange rate fluctuations		(2,438	)		(1,167	)
Closing balance	$	29,969		$	33,724

Accounts receivable were $944,224 and $944,679, reserve for doubtful receivables was $29,969 and allowance for credit losses was $33,724, resulting in net accounts receivable balances of $914,255 and $910,955 as of December 31, 2019 and March 31, 2020, respectively.

In addition, deferred billings were $7,858 and $15,884, reserve for doubtful assets was $0 and allowance for credit losses was $2,153 as of December 31, 2019 and March 31, 2020, respectively. Total credit losses of $2,153 as of March 31, 2020 includes $734 as a transition date adjustment through retained earnings pursuant to the adoption of ASC 326 and $1,419 as a current period charge. The deferred billings and related allowance for credit losses are included under “other assets” in the consolidated balance sheet as of March 31, 2020.