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Allowance for credit losses

12 Months Ended

Dec. 31, 2021

Note 10 – Allowance for Credit Losses

The change in the allowance for credit losses during the years ended December 31, 2020 and 2021 were as follows:


in thousands
Balance at December 31, 2019	$	2,524
Impact of ASU 2016-13 adoption		288
Balance at January 1, 2020		2,812
Provision		2,306
Write-offs		(994)
Net foreign currency translation		11
Balance at December 31, 2020	$	4,135
Provision		(16)
Write-offs		(2,689)
Net foreign currency translation		(11)
Balance at December 31, 2021	$	1,419

During the year ended December 31, 2021, we wrote off $2.7 million of accounts receivable that were fully reserved for and no longer deemed collectible.

- Definition

The entire disclosure for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security.

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