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Allowance for Credit Losses | 12 Months Ended
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Dec. 31, 2020
Credit Loss [Abstract] |
Allowance for Credit Losses | Allowance for Credit Losses Effective January 1, 2020, the Company adopted ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” prospectively. ASU 2016-13 replaces the incurred loss impairment model with an expected credit loss impairment model for financial instruments, including trade receivables. The guidance requires entities to consider forward-looking information to estimate expected credit losses, resulting in earlier recognition of losses for receivables that are current or not yet due. Upon adoption, changes in the allowance were not material for the transition period starting January 1, 2020 through the year ended December 31, 2020. The accounts receivable balance on the Company’s consolidated balance sheet as of December 31, 2020 was $47.8 million, net of $0.5 million of allowances. Changes in the allowance were not material for the year ended December 31, 2020. The following table provides a roll-forward of the allowance for credit losses that is deducted from the amortized cost basis of accounts receivable to present the net amount expected to be collected (amounts in thousands):
Balance at December 31, 2019 |  | $ | 1,864 |
Adjustment due to adoption of ASU 2016-13 |  | 751 |
Balance at January 1, 2020 |  | 2,615 |
Current period change for expected credit losses |  | (2,072) |
Balance at December 31, 2020 |  | $ | 543 |
In connection with the PIK note referenced in Note 7. Investments in Affiliates and Related Transactions , the company recorded a CECL adjustment of $1.4 million which offset the current year accretion of the interest of $1.4 million.

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
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- References No definition available. + Details
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