Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Accounts Receivable Aging Analysis

The following table compiles the percentages of outstanding accounts receivable based on our aging analysis of our trade accounts receivable, non-trade accounts receivable and contract assets (in thousands):




	June 30, 2025			December 31, 2024
Current	85		%	54		%
Past due 1-60 days	7		%	15		%
Past due 61+ days	8		%	31		%
Accounts receivable, net of allowance	$	359,822		$	420,914

Schedule of Changes in Allowance for Accounts Receivable

The following table summarizes the changes in allowance for credit losses on our accounts receivables, certain non-trade accounts receivable and contract assets (in thousands):


	For the Six Months Ended June 30,
	2025		2024
Balance as of beginning of period	$	(15,368)	$	(16,361)

Provision for credit losses	(4,067)		491
Charge-offs(1)	1,526		4,598
Balance as of end of period	$	(17,909)	$	(11,272)

————————

(1) Charge-offs for the six months ended June 30, 2025 and 2024 are primarily related to balances written-off that were previously reserved.