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Allowance for Credit Losses | 6 Months Ended
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Jun. 30, 2023
Credit Loss [Abstract] |
Allowance for Credit Losses | Allowance for Credit Losses The following table sets forth the Company's allowance for credit losses as of June 30, 2023 and 2022:
(in thousands) | 2023 |  | 2022
Balance as of January 1 | $ | 14,799 |  |  | $ | 17,475 |
Additions (1) | 7,262 |  |  | 7,880 |
Deductions (2) | (7,634) |  |  | (9,228) |
Balance as of June 30 (3) | $ | 14,427 |  |  | $ | 16,127 |
(1) For the six months ended June 30, 2023 and 2022, the Company recorded a provision for bad debt expense of $7.3 million and $7.9 million, respectively, which is included in General and administrative expense. For the three months ended June 30, 2023 and 2022, the Company recorded a provision for bad debt expense of $3.4 million and $4.6 million, respectively, which is included in General and administrative expense. (2) For the six months ended June 30, 2023 and 2022, represents amounts written off as uncollectible, net of recoveries. (3) As of June 30, 2023, $14.4 million of the allowance is attributable to Accounts receivable and less than $0.1 million is attributable to Contract assets. As of June 30, 2022, $16.0 million of the allowance is attributable to Accounts receivable and less than $0.1 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.

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