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Trade Accounts Receivable | 9 Months Ended
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Sep. 30, 2020
Trade Accounts Receivable [Abstract] |
Trade Accounts Receivable |
4. | Trade Accounts Receivable
Trade accounts receivables are recorded at their face amount, less an allowance for expected losses on doubtful accounts. The allowance for doubtful accounts is calculated based on customer-specific analysis and an aging methodology using historical loss information. The Company believes historical loss information is a reasonable basis for expected credit losses as the Company’s historical credit loss experience correlates with its customer delinquency status. This information is also adjusted for any known current economic conditions, including the current and expected impact of COVID-19. Currently, the COVID-19 pandemic has not had and is not anticipated to have a material impact on trade accounts receivable. Forecasted economic conditions have not had a significant impact on the current credit loss estimate due to the short-term nature of the Company’s customer receivables, however, the Company will continue to monitor and evaluate the rapidly changing economic conditions. Additionally, as the Company only has one portfolio segment, there are not different risks between portfolios. Specific accounts are written off against the allowance for doubtful accounts when the receivable is deemed no longer collectible. The following table summarizes the changes in the allowance for doubtful accounts during the three and nine month periods ended September 30, 2020:
(In thousands) Three Months Ended September 30, 2020 |  | Allowance for Doubtful Accounts |
Balance at June 30, 2020 |  | $ | 4,890 |
Provision for expected credit losses |  |  | 148 |
Accounts written off |  |  | (453 | )
Translation and other activity |  |  | 207 |
Balance at September 30, 2020 |  | $ | 4,792 |
(In thousands) Nine Months Ended September 30, 2020 |  | Allowance for Doubtful Accounts |
Balance at December 31, 2019 |  | $ | 6,913 |
Adoption of ASU 2016-13 |  |  | 853 |
Provision for expected credit losses |  |  | 504 |
Accounts written off |  |  | (1,080 | )
Divestiture |  |  | (2,174 | )
Translation and other activity |  |  | (224 | )
Balance at September 30, 2020 |  | $ | 4,792 |
See Note 2, Divestitures, for further information regarding the divestiture included in the above table.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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