Accounts Receivables & Allowance for Doubtful Receivables

9 Months Ended

Sep. 30, 2021

Accounts Receivables & Allowance for Doubtful Receivables

2. Accounts Receivables & Allowance for Doubtful Receivables

The Company maintains an allowance for doubtful receivables that in management’s judgement reflects losses inherent in the portfolio. Changes in the allowance for doubtful trade receivables for the three and nine months ended September 30, 2021 and 2020 were as follows (in thousands):


	Three months ended September 30,						Nine months ended September 30,
	2021			2020			2021			2020
Beginning balance		3,158		$	2,282		$	2,092		$	1,352
Provision for bad debt		676			781			2,119			4,380
Net write-offs
Write-offs		(1,193	)		(2,013	)		(3,951	)		(5,423	)
Recoveries		393			1,132			2,774			1,873
Net write-offs		(800	)		(881	)		(1,177	)		(3,550	)
Ending balance	$	3,034		$	2,182		$	3,034		$	2,182

Changes in the allowance for doubtful finance receivables for the three and nine months ended September 30, 2021 and 2020 were as follows (in thousands):


	Three months ended September 30,						Nine months ended September 30,
	2021			2020			2021			2020
Beginning balance	$	96		$	40		$	40		$	65
Provision for bad debt		253			4			399			75
Net write-offs
Write-offs		(96	)		(4	)		(186	)		(100	)
Recoveries		14			-			14			-
Net write-offs		(83	)		(4	)		(173	)		(100	)
Ending balance	$	266		$	40		$	266		$	40