v3.26.1
ACCOUNTS RECEIVABLE
6 Months Ended
Jun. 30, 2026
ACCOUNTS RECEIVABLE  
ACCOUNTS RECEIVABLE

9. ACCOUNTS RECEIVABLE

Accounts receivable, net consists of the following:

  ​ ​ ​

June 30,

  ​ ​ ​

December 31,

  ​ ​ ​

2026

  ​ ​ ​

2025

(in thousands)

  ​

  ​

Trade receivables:

 

  ​

 

  ​

Billed

$

316,061

$

281,918

Unbilled

 

65,640

 

46,817

Other receivables

 

5,500

 

5,955

Total

 

387,201

 

334,690

Less: allowance for credit losses

 

(8,663)

 

(7,022)

Accounts receivable, net

$

378,538

$

327,668

Trade receivables relate to revenues generated from equipment and services, for which credit is extended based on our evaluation of the customer’s credit worthiness. Unbilled receivables represent revenues earned but not billed to the customer until future dates, usually within one month. Other receivables consist primarily of net amounts receivable from an agent that operates internationally, as well as amounts due from the favorable resolution of state tax audits and rebates due from suppliers.