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Receivables and Allowance for Credit Losses
9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Receivables and Allowance for Credit Losses Receivables and Allowance for Credit Losses
Receivables consist of the following (in thousands):
September 30,
2025
December 31,
2024
December 31,
2023
Accounts receivable–trade$85,989 $85,562 $65,176 
Less allowance for credit losses(813)(885)(727)
Receivables, net$85,176 $84,677 $64,449 
The Company is exposed to credit losses primarily through sales of products and services. The Company’s expected loss allowance methodology is developed using historical collection experience, current and future economic and market conditions, and a review of the current status of customers' trade accounts receivables. The estimate of the amount of accounts receivable that may not be collected is based on the aging of the accounts receivable balances as well as the financial condition of customers. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. The Company’s monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of customers' financial condition and macroeconomic conditions. Balances are written off when determined to be uncollectible.
The following table provides a roll-forward of the allowance for credit losses that is deducted from accounts receivable to present the net amount expected to be collected for the nine months ended September 30, 2025 and 2024 (in thousands):
Allowance for Credit Losses
Nine Months Ended September 30,
20252024
Allowance - beginning of period$885 $727 
(Provision) adjustment for expected credit losses(63)355 
Amounts written off against the allowance, net of recoveries(9)(28)
Allowance - end of period$813 $1,054