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Credit Losses | 12 Months Ended
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Dec. 31, 2022
Credit Loss [Abstract] |
Credit Losses | CREDIT LOSSES We account for credit losses under ASC 326 using an expected credit loss impairment model for financial instruments, including trade receivables, retainage receivables and contract assets (unbilled receivables). We consider information such as historical experience, present economic conditions and other relevant factors management considers relevant to estimate expected credit losses. Upon adoption of ASC 326 on January 1, 2020 under the modified retrospective approach, we recorded a cumulative effect adjustment to retained earnings of $1.2 million, net of $0.4 million of income taxes, on the opening consolidated balance sheet as of January 1, 2020. The adoption of the credit loss standard had no impact to cash from or used in operating, financing or investing activities on our consolidated cash flow statements. Changes in our allowance for credit losses were as follows (in thousands):
January 1, 2020 | $ | 6,878 |
Cumulative effect of change in accounting principle | 1,600 |
Current period provision | 4,444 |
Recoveries collected and additions | 503 |
Amounts written off | (4,636) |
December 31, 2020 | $ | 8,789 |
Current period provision | 2,227 |
Recoveries collected and additions | 574 |
Amounts written off | (2,873) |
December 31, 2021 | $ | 8,717 |
Current period provision | 4,129 |
Recoveries collected and additions | 334 |
Amounts written off | (3,631) |
December 31, 2022 | $ | 9,549 |

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI https://asc.fasb.org/topic&trid=2196771 + Details
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- References No definition available. + Details
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