3.
Accounts Receivable
Accounts
receivable consist of the following:
Schedule
of Accounts Receivable
| | |
December
31, 2025 | | |
December
31, 2024 | |
| | |
(in
millions) | |
| Trade
receivables | |
$ | 39.0 | | |
$ | 61.5 | |
| Less:
long-term receivable recorded in other assets | |
| (0.6 | ) | |
| (0.9 | ) |
| Finance
lease receivables | |
| 6.7 | | |
| 5.8 | |
| Allowance
for credit losses | |
| (1.2 | ) | |
| (1.0 | ) |
| Total
accounts receivable, net | |
$ | 43.9 | | |
$ | 65.4 | |
Changes
in the allowance for credit losses are as follows:
Schedule
of Changes in Allowance for Credit Losses
| |
|
December
31, 2025 |
|
|
December
31, 2024 |
|
| |
|
(in
millions) |
|
| Beginning
balance |
|
$ |
(1.0 |
) |
|
$ |
(1.1 |
) |
| Additional
allowance for credit losses on contracts with customers |
|
|
(0.3 |
) |
|
|
(0.1 |
) |
| Write
offs |
|
|
0.1 |
|
|
|
0.2 |
|
| Ending
balance |
|
$ |
(1.2 |
) |
|
$ |
(1.0 |
) |
|