Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

v3.23.2
Basis of Presentation and Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts Receivable
Following is a roll forward of the allowance for doubtful accounts for the year ended December 31, 2022 and the six months ended June 30, 2023 (in thousands):

Balance, January 1, 2022 $ 18,085 
Additions charged to bad debt expense 3,550 
Recoveries of receivables previously charged to bad debt expense (161)
Deductions for uncollectible receivables written off (17,887)
Balance, December 31, 2022 3,587 
Additions charged to bad debt expense 23 
Additions charged to revenue 63 
Recoveries of receivables previously charged to bad debt expense (31)
Deductions for uncollectible receivables written off (3,476)
Balance, June 30, 2023 $ 166 
Schedules of Concentration of Risk Following is a summary of our significant customers based on percentages of total accounts receivable balances at June 30, 2023 and December 31, 2022 and percentages of total revenues derived for the three and six months ended June 30, 2023 and 2022:
REVENUES ACCOUNTS RECEIVABLE
Three Months Ended June 30, Six Months Ended June 30, At June 30, At December 31,
2023 2022 2023 2022 2023 2022
Customer A(a)
—  % —  % —  % —  % 87  % 83  %
Customer B(b)
8  % 1  % 9  % 11  % —  % —  %
Customer C(c)
6  % 22  % 12  % 14  % 1  % —  %
a.Customer A is a third-party customer. Revenues and the related accounts receivable balances earned from Customer A were derived from the Company’s infrastructure services segment. Accounts receivable for Customer A also includes receivables due for interest charged on delinquent accounts receivable.
b.Customer B is a third-party customer. Revenues and the related accounts receivable balances earned from Customer B were derived from the Company’s well completion services segment.
c.Customer C is a third-party customer. Revenues and the related accounts receivable balances earned from Customer C were derived from the Company’s well completion services segment.