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

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9. ACCOUNTS RECEIVABLE

Accounts receivable, net consists of the following:

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June 30,

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December 31,

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2026

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2025

(in thousands)

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Trade receivables:

 

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Billed

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$

316,061

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$

281,918

Unbilled

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65,640

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46,817

Other receivables

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5,500

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5,955

Total

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387,201

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334,690

Less: allowance for credit losses

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(8,663)

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(7,022)

Accounts receivable, net

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$

378,538

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$

327,668

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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.