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Accounts receivable, net of allowance for credit losses (Tables)
3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
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