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Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts

 

Trade accounts receivable and accounts receivable balances included within the settlement assets are stated net of credit losses. Historically, the Company has not experienced significant write-offs. The Company records credit losses when it is probable that the accounts receivable balance will not be collected.

The following table provides a summary of the credit loss balances and activity for the years ended December 31, 2021, 2020 and 2019:  


 

 

Year Ended December 31,

(in thousands)

 

 2021 

 

 2020 

 

 2019 

Beginning balance-credit losses

 

$

41,727

 

 

$

27,938

 

 

$

24,287

 

Additions-charged to expense 

 

9,721

 

 

19,469

 

 

10,095

 

Amounts written off

 

(21,662

 )

 

(7,842

)

 

(6,179

)

Other (primarily changes in foreign currency exchange rates)

 

2,024

 

2,162

 

(265

 )

Ending balance-credit losses

 

$

31,810

 

 

$

41,727

 

 

$

27,938