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Note 3 - Trade Accounts Receivable
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023:

 

  

2024

  

2023

 
  

(in thousands)

 
         

Billed

 $78,521  $75,653 

Unbilled

  8,082   12,668 

Current estimated credit losses

  (6,636)  (7,717)
         

Total accounts receivable—net

 $79,967  $80,604 

 

An analysis of changes in current estimated credit losses for the years ended December 31, 2024, 2023, and 2022 follows:

 

  

2024

  

2023

  

2022

 
  

(in thousands)

 
             

Balance—beginning of year

 $7,717  $5,381  $4,526 

Provision for bad debts

  3,074   2,396   917 

Charge-offs

  (4,155)  (60)  (62)

Recoveries

  -   -   - 
             

Balance—end of year

 $6,636  $7,717  $5,381