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Credit Losses | 12 Months Ended
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Dec. 31, 2024
Receivables [Abstract] |
Credit Losses | Note 11 - Credit Losses The Company is exposed to credit losses primarily through sales to customers. The Company’s expected loss allowance methodology for trade receivables is developed using historical collection experience, current and future economic and market conditions and a review of the current status. The estimate of amount of trade receivable that may not be collected is based on the geographic location of the trade receivable balances, aging of the trade receivable balances, the financial condition of customers and the Company’s historical experience with customers in similar geographies. Additionally, specific allowance amounts are established to record the appropriate provision for customers who have a higher probability of default. The following table provides a roll-forward of the allowance for credit losses that is deducted from the amortized cost basis of trade receivables to present the net amount expected to be collected:
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | $ thousands |  |  | $ thousands |
Balance, at beginning of period |  |  | 24,602 |  |  |  | 22,410 |
Provision for expected credit losses |  |  | 621 |  |  |  | 3,898 |
Balance added in business combination |  |  | - |  |  |  | 259 |
Recoveries collected |  |  | (*) (9,613 | ) |  |  | (1,084 | )
Amounts written off charged against the allowance and others |  |  | (1,814 | ) |  |  | (881 | )
Balance, at end of period |  |  | 13,796 |  |  |  | 24,602 |
(*) During 2024, the Company collected $9,064 thousand from South American customer, see Note 13D.3.

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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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