v3.26.1
Revenues and Accounts Receivable (Tables)
6 Months Ended
Jun. 30, 2026
Revenues And Accounts Receivable [Abstract]  
Schedule of Contract Balances

The following table presents the Company’s contract balances:

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Contract assets

 

$

66,293

 

 

$

58,831

 

Contract liabilities

 

 

10,640

 

 

 

14,996

 

 

Schedule of Accounts Receivable, Net

Accounts Receivable, Net—The Company extends non-interest-bearing trade credit to its customers in the ordinary course of business. Accounts receivable, net consisted of the following:

 

 

June 30, 2026

 

 

December 31, 2025

 

Accounts receivable, invoiced

 

$

140,702

 

 

$

163,694

 

Allowance for credit losses

 

 

(7,547

)

 

 

(8,314

)

   Accounts receivable, net

 

$

133,155

 

 

$

155,380

 

Schedule of Allowance for Credit Losses

The allowance for credit losses consisted of the following:

 

 

Beginning
Balance

 

 

Bad Debt
Expense (Recovery)

 

 

Charged to
Allowance

 

 

Ending
Balance

 

Six months ended June 30, 2026

 

$

8,314

 

 

$

(1,419

)

 

$

652

 

 

$

7,547

 

Year ended December 31, 2025

 

 

2,093

 

 

 

6,713

 

 

 

(492

)

 

 

8,314