Allowance for Credit Losses

6 Months Ended

Jun. 30, 2026

The Company estimates expected credit losses using a number of factors, including customer credit ratings, age of receivables, historical credit loss information and current economic conditions, which could affect the collectability of the reported amounts. All these factors have been considered in the estimate of expected credit losses for the periods presented.

The activity related to the allowance for credit losses was as follows:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2026		2025		2026		2025
Balance at beginning of period	$	5,849	$	6,533	$	7,319	$	7,238
(Decrease) increase in provision for expected credit losses	(49)		438		(1,339)		(482)
Amount of receivables written off	(17)		(384)		(166)		(293)
Foreign currency translation	(47)		216		(78)		340
Balance at end of period	$	5,736	$	6,803	$	5,736	$	6,803