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Allowance for Accounts Receivable (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Changes in Reserves for Credit Losses Related to Accounts Receivable
The following tables present changes in the accounts receivable allowances by portfolio segment:
Year ended December 31,
 2021
(In thousands)Fleet SolutionsTravel and Corporate SolutionsHealth and Employee Benefit SolutionsTotal
Balance, beginning of year$49,267 $9,610 $270 $59,147 
Provision for credit losses1
37,808 6,967 339 45,114 
Other2
17,631 5 — 17,636 
Charge-offs(54,686)(6,900)(198)(61,784)
Recoveries of amounts previously charged-off6,727 549 206 7,482 
Currency translation(989)(300)— (1,289)
Balance, end of year$55,758 $9,931 $617 $66,306 
Year ended December 31,
 2020
(In thousands)Fleet SolutionsTravel and Corporate SolutionsHealth and Employee Benefit SolutionsTotal
Balance, beginning of year$50,010 $5,765 $8,076 $63,851 
Provision for credit losses1
56,620 21,610 213 78,443 
Other2
19,019 — — 19,019 
Charge-offs3
(88,091)(18,787)(5,419)(112,297)
Recoveries of amounts previously charged-off10,421 175 17 10,613 
Currency translation1,288 847 (2,617)(482)
Balance, end of year$49,267 $9,610 $270 $59,147 
1 The provision is comprised of estimated credit losses based on the Company’s loss-rate experience and includes adjustments required for forecasted credit loss information. The provision for credit losses reported within this table also includes the provision for fraud losses.
2 Consists primarily of charges to other accounts. The Company earns revenue by assessing monthly finance fees on accounts with overdue balances. These fees are recognized as revenue at the time the fees are assessed. The finance fee is calculated using the greater of a minimum charge or a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge. On occasion, these fees are waived to maintain relationship goodwill. Charges to other accounts represent the offset against the late fee revenue recognized when the Company establishes a reserve for such waived amounts.
3 For the year ended December 31, 2020, the majority of the Travel and Corporate Solutions segment charge-offs is associated with the sale of the WEX Latin America business. Refer to Note 5, Sale of Subsidiary, for further information.
Schedule of Past Due Financing Receivables The following table presents the outstanding balance of trade accounts receivable that are less than 30 and 60 days past due, shown in each case as a percentage of total trade accounts receivable:
December 31,
Delinquency Status20212020
29 days or less past due98 %97 %
59 days or less past due99 %98 %