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Accounts Receivable

3 Months Ended

Mar. 31, 2025

3. Accounts Receivable

Accounts receivable as of March 31, 2025 and December 31, 2024 consisted of the following:


(in thousands)	March 31, 2025			December 31, 2024
Accounts receivable	$	161,068		$	168,435
Provision for credit losses		(8,663	)		(8,863	)
Total accounts receivable, net	$	152,405		$	159,572

Accounts receivable, net as of the beginning of the prior year period, or January 1, 2024, were $112.7 million.

Balances billed but not paid by customers under retainage provisions in contracts within the Condensed Consolidated Balance Sheets amounted to approximately $15.4 million and $13.6 million at March 31, 2025 and December 31, 2024, respectively. Retainage receivables on contracts in progress are generally collected within a year or two subsequent to contract completion, and are recorded in either "Accounts receivable, net" or "Deferred charges and other assets" within the Condensed Consolidated Balance Sheets depending on timing of expected collection.

Amounts charged to (recovered from) the provision for credit losses were $0.8 million and $(0.4) for the three months ended March 31, 2025 and 2024, respectively.