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Accounts Receivable
12 Months Ended
Dec. 31, 2024
Accounts Receivable  
Accounts Receivable

Note 5: Accounts Receivable

Accounts receivable, net consists of the following:

December 31, 

    

2024

    

2023

(in thousands)

  

  

Trade receivables:

 

  

 

  

Billed

$

221,025

$

271,515

Unbilled

 

60,951

 

59,831

Other receivables

 

2,507

 

678

Total

 

284,483

 

332,024

Less: allowance for credit losses

 

(7,906)

 

(7,109)

Accounts receivable, net

$

276,577

$

324,915

Trade receivables relate to revenues generated from equipment and services, for which credit is extended based on our evaluation of the customer’s credit worthiness. Unbilled receivables represent revenues earned but not billed to the customer until future dates, usually within one month. Other receivables consist primarily of net amounts receivable from an agent that operates internationally, as well as amounts due from the favorable resolution of state tax audits and rebates due from suppliers.