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Allowance for Credit Losses | 12 Months Ended
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Dec. 31, 2024
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) | 2024 |  | 2023 |  | 2022
Balance as of January 1 | $ | 14,961 |  |  | $ | 14,799 |  |  | $ | 17,475 |
Additions (1) | 16,882 |  |  | 18,664 |  |  | 16,516 |
Deductions (2) | (18,763) |  |  | (18,502) |  |  | (19,192) |
Balance as of December 31 (3) | $ | 13,080 |  |  | $ | 14,961 |  |  | $ | 14,799 |
(1)For the years ended December 31, 2024, 2023, and 2022, the Company recorded a provision for credit losses of $16.9 million, $18.7 million, and $16.5 million, respectively, which is included in General and administrative expense in the Company's consolidated statements of operations and comprehensive (loss) income. (2)For the years ended December 31, 2024, 2023, and 2022, represents amounts written off as uncollectible, net of recoveries. (3)As of December 31, 2024, and 2023, $13.1 million, and $14.9 million of the allowance is attributable to Accounts receivable, respectively. For both periods, less than $0.1 million is attributable to Contract assets. The Company expects to collect substantially all of its long-term unbilled balance. 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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