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Accounts Receivable, net
 6 Months Ended
Jun. 30, 2024
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable, net Accounts Receivable, net
Accounts receivable, net consist of the following (in thousands):
As of June 30,
2024		As of December 31,
2023
Accounts receivable$215,980 $121,242 
Allowance for credit losses12,554 8,050 
Accounts receivable, net$203,426 $113,192 
The allowances for credit losses were $12.6 million and $8.0 million as of June 30, 2024, and December 31, 2023, respectively, which represents the Company’s best estimate of the amount of probable credit losses included within the Company’s existing accounts receivable balance. For the six months ended June 30, 2024, the Company recorded a net increase in the allowance for credit losses of $4.5 million.
The changes in the Company’s allowance for credit losses are as follows (in thousands):
Allowances for Credit Losses
Balance at January 1, 2023$949 
Current-period provision for expected credit losses7,101
Write-offs charged against allowance— 
Balance at December 31, 2023$8,050 
Current-period provision for expected credit losses4,589 
Write-offs charged against allowance(85)
Balance at June 30, 2024$12,554