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ACCOUNTS RECEIVABLE
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
ACCOUNTS RECEIVABLE ACCOUNTS RECEIVABLE
Accounts receivable, net of allowances, consisted of the following:
 As of December 31,
(in thousands)20242023
Accounts receivable$180,541 $144,731 
Less: allowance for expected credit losses and sales returns(2,528)(3,200)
Total$178,013 $141,531 
Trade accounts receivable are recorded at invoiced amounts and do not bear interest. The Company generally does not require collateral and performs ongoing credit evaluations of its customers and provides for expected losses. The Company maintains an allowance for expected credit losses based upon the expected collectability of its accounts receivable. The expectation of collectability is based on the Company’s review of credit profiles of customers, contractual terms and conditions, current economic trends and historical payment experience. The Company offers return rights which are specifically identified and accrued for as sales returns at the end of the period.
The following table is a summary of activities in allowances for expected credit losses and sales returns:
(in thousands)Balance at
Beginning of
Period		Charges to
Revenue		Charges to
Expense		Deductions
from Reserves		Balance at End
of Period
Year ended December 31,
2024$3,200 $1,010 $1,034 $(2,716)$2,528 
2023$2,149 $1,224 $1,554 $(1,727)$3,200 
2022$2,853 $1,118 $836 $(2,658)$2,149 
In September 2023, we entered into a Master Receivables Purchase Agreement with JP Morgan Chase Bank N.A, as purchaser. The agreement allows us, from time to time, to sell certain eligible billed receivables in an aggregate outstanding amount of up to $30 million. On September 10, 2024, we delivered the notice to JP Morgan Chase Bank N.A. to, among other things, extend the purchase termination date to September 29, 2025. As of December 31, 2024, there were no receivables sold under this agreement.