Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.22.2
ALLOWANCE FOR CREDIT LOSSES (Tables)
6 Months Ended
Jun. 30, 2022
ALLOWANCE FOR CREDIT LOSSES  
Schedule of allowance for credit losses Below is a roll forward of the Company’s allowance for credit losses for the three and six months ended June 30, 2022 and 2021 (in thousands).

Allowance for Credit Losses

    

Trade

    

Financed

    

Total

Receivables

Receivables

Receivables

Balance at March 31, 2022

$

14,170

$

3,850

$

18,020

Provision for expected credit losses

 

2,350

1,825

 

4,175

Write-offs charged against the allowance

 

(4,218)

(1,121)

 

(5,339)

Recoveries collected

 

1,364

 

1,364

Balance at June 30, 2022

$

13,666

$

4,554

$

18,220

Allowance for Credit Losses

Trade

Financed

Total

    

Receivables

    

Receivables

    

Receivables

Balance at March 31, 2021

$

15,731

$

3,370

$

19,101

Provision for expected credit losses

 

369

 

1,618

 

1,987

Write-offs charged against the allowance

 

(3,650)

 

(645)

 

(4,295)

Recoveries collected

 

1,413

 

(2)

 

1,411

Balance at June 30, 2021

$

13,863

$

4,341

$

18,204

Allowance for Credit Losses

Trade

Financed

Total

    

Receivables

    

Receivables

    

Receivables

Balance at December 31, 2021

$

13,885

$

3,985

$

17,870

Provision for expected credit losses

 

5,554

2,879

 

8,433

Write-offs charged against the allowance

 

(8,466)

(2,310)

 

(10,776)

Recoveries collected

 

2,693

 

2,693

Balance at June 30, 2022

$

13,666

$

4,554

$

18,220

Allowance for Credit Losses

Trade

Financed

Total

    

Receivables

    

Receivables

    

Receivables

Balance at December 31, 2020

$

16,854

$

3,231

$

20,085

Provision for expected credit losses

 

2,234

 

2,439

 

4,673

Write-offs charged against the allowance

 

(7,749)

 

(1,326)

 

(9,075)

Recoveries collected

 

2,524

 

(3)

 

2,521

Balance at June 30, 2021

$

13,863

$

4,341

$

18,204