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Accounts receivable, net | 6 Months Ended
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Jun. 30, 2026
Accounts Receivable, after Allowance for Credit Loss [Abstract] |
Accounts receivable, net | 3. Accounts receivable, net Accounts receivable consisted of the following:
(in thousands) |  | June 30, 2026 |  |  | December 31, 2025 |
Trade receivables |  | $ | 13,212 |  |  | $ | 22,722 |
Revenue recognized in excess of billings |  |  | 31,222 |  |  |  | 30,889 |
Other receivables |  |  | 7,267 |  |  |  | 5,201 |
Total |  |  | 51,701 |  |  |  | 58,812 |
Allowance for credit losses |  |  | (3,031 | ) |  |  | (3,069 | )
Accounts receivable, net |  | $ | 48,670 |  |  | $ | 55,743 |
Other receivables at June 30, 2026 and December 31, 2025 primarily relate to 45X Credits earned in connection with manufacturing activity by our wholly owned subsidiary, Alpha Steel. Approximately $12.3 million of net accounts receivable are related to certain large projects that have been deferred or are in dispute and have been outstanding for more than a year. We are continuing to seek resolution with our customers to collect the amounts owed to us and have taken into consideration what we ultimately expect to recover in our estimate of the allowance for credit losses. Actual results could differ from our estimates. Activity in the allowance for credit losses during the three and six months ended June 30, 2026 and 2025 was as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(in thousands) |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Balance at beginning of period |  | $ | 3,071 |  |  | $ | 1,625 |  |  | $ | 3,069 |  |  | $ | 1,717 |
Amounts charged (credited) to earnings during the period |  |  | (40 | ) |  |  | 284 |  |  |  | (38 | ) |  |  | 192 |
Balance at end of period |  | $ | 3,031 |  |  | $ | 1,909 |  |  | $ | 3,031 |  |  | $ | 1,909 |

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/326/tableOfContent + Details
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- References No definition available. + Details
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