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Note 3 - Trade Accounts Receivable

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Financing Receivables [Text Block]

3.	TRADE ACCOUNTS RECEIVABLE

The Company's receivables result primarily from the sale of transportation and logistics services. The Company performs ongoing credit evaluations of its customers and generally does not require collateral for accounts receivable. Accounts receivable, which consist of both billed and unbilled receivables, are presented net of current estimated credit losses. Accounts outstanding longer than contractual payment terms are considered past due and are reviewed individually for collectability. Accounts receivable balances consist of the following components as of December 31, 2022 and 2021:

		2022				2021
		(in thousands)

Billed		$	119,552			$	105,992
Unbilled			20,568				20,388
Current estimated credit losses			(5,381	)			(4,526	)

Total accounts receivable—net		$	134,739			$	121,854

An analysis of changes in current estimated credit losses for the years ended December 31, 2022, 2021, and 2020 follows:

		2022				2021				2020
		(in thousands)

Balance—beginning of year		$	4,526			$	3,482			$	2,952
Provision for bad debts			917				1,044				530
Charge-offs			(62	)			-				-
Recoveries			-				-				-
Balance—end of year		$	5,381			$	4,526			$	3,482