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Accounts Receivable and Note Receivable | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Accounts Receivable and Note Receivable | Trade Accounts Receivables and Other receivables Accounts receivable consist of the following:
(In thousands) |  | September 30 2025 |  | December 31 2024
Trade accounts receivable |  | $ | 291,674 |  |  | $ | 275,804 |
Less: Allowance for expected credit losses |  | (10,602) |  |  | (15,114) |
Trade accounts receivable, net |  | $ | 281,072 |  |  | $ | 260,690 |
Other receivables (a) |  | $ | 43,035 |  |  | $ | 40,439 |
(a) Other receivables include employee receivables, insurance receivable, tax claims and refunds and other miscellaneous items not included in Trade accounts receivable, net. The change in provision for expected credit losses related to trade accounts receivable was as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30 |  | September 30
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Change in provision for expected credit losses |  | $ | (1,028) |  |  | $ | (1,361) |  |  | $ | (3,787) |  |  | $ | (880) |
At September 30, 2025, $7.9 million of the Company's trade accounts receivable were past due by twelve months or more, with $5.7 million of this amount reserved. The change in provision for credit losses for the three and nine months ended September 30, 2025 included recoveries of $1.2 million and $3.4 million, respectively, of a previously reserved balance for an HE customer who had become insolvent in the fourth quarter of 2024. Accounts Receivable Securitization Facility In June 2022, the Company and its SPE entered into an AR Facility with PNC Bank, National Association ("PNC") to accelerate cash flows from trade accounts receivable. On October 1, 2024, the Company renewed the AR Facility for a three-year term expiring in October 2027. The maximum purchase commitment by PNC was $150.0 million as of December 31, 2024 and was increased to $160.0 million in February 2025. The total outstanding balance of trade receivables that have been sold and derecognized by the SPE was $160.0 million as of September 30, 2025 and $150.0 million December 31, 2024. The SPE owned $59.8 million and $63.8 million of trade receivables as of September 30, 2025 and December 31, 2024, respectively, which is included in the caption Trade accounts receivable, net, on the Condensed Consolidated Balance Sheets. The Company received proceeds of $10.0 million from the AR Facility during the nine months ended September 30, 2025. No proceeds were received during the nine months ended September 30, 2024.
Factoring Arrangements The Company maintains factoring arrangements with a financial institution to sell certain accounts receivable that are also accounted for as a sale of financial assets and accordingly, derecognized from the Company's Condensed Consolidated Balance Sheet. The following table reflects balances for net amounts sold and program capacities for the arrangements:
(In millions) |  | September 30 2025 |  | December 31 2024
Net amounts sold under factoring arrangements |  | $ | 15.0 |  |  | $ | 13.3 |
Program capacities |  | 21.1 |  |  | 18.6 |

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/326/tableOfContent + Details
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- References No definition available. + Details
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