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Allowance for Credit Losses | 12 Months Ended
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Dec. 31, 2021
Credit Loss [Abstract] |
Allowance for Credit Losses | Allowance for Credit Losses The following table sets forth the Company's allowance for credit losses:
(in thousands) | 2021 |  | 2020 |  | 2019
Balance as of January 1 | $ | 33,368 |  |  | $ | 26,828 |  |  | $ | 22,571 |
Thryv Australia Acquisition, balance as of March 1, 2021 | 2,733 |  |  | — |  |  | — |
Additions (1) | 8,031 |  |  | 32,077 |  |  | 30,092 |
Deductions (2) | (26,657) |  |  | (25,537) |  |  | (25,835) |
Balance as of December 31 (3) | $ | 17,475 |  |  | $ | 33,368 |  |  | $ | 26,828 |
(1) For the years ended December 31, 2021, 2020, and 2019, represents provision for bad debt expense of $8.0 million, $32.1 million, and $30.1 million, respectively, which is included in General and administrative expense. (2) For the years ended December 31, 2021, 2020, and 2019, represents amounts written off as uncollectible, net of recoveries. (3) As of December 31, 2021, $17.4 million of the allowance is attributable to Accounts receivable and $0.1 million is attributable to Contract assets. As of December 31, 2020, $33.0 million of the allowance is attributable to Accounts receivable and $0.3 million is attributable to Contract assets. The Company’s exposure to expected credit losses depends on the financial condition of its clients and other macroeconomic factors. The Company maintains an allowance for credit losses based upon its estimate of potential credit losses. This allowance is based upon historical and current client collection trends, any identified client-specific collection issues, and current as well as expected future economic conditions and market trends. The economic downturn caused by COVID-19 resulted in an incremental amount of $2.1 million recorded to allowance for credit losses for the year ended December 31, 2020, which was recognized within General and administrative expense. No incremental impact was recorded for the year ended December 31, 2021.

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
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- References No definition available. + Details
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