Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

v3.23.3
Basis of Presentation and Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts Receivable
Following is a roll forward of the changes in our allowance for expected credit losses for the year ended December 31, 2022 and the nine months ended September 30, 2023 (in thousands):

Balance, January 1, 2022 $ 18,085 
Change in provision for expected credit losses 3,550 
Recoveries of receivables previously charged to credit loss expense (161)
Write-offs charged against the provision (17,887)
Balance, December 31, 2022 3,587 
Change in provision for expected credit losses (377)
Recoveries of receivables previously charged to credit loss expense (37)
Write-offs charged against the provision (3,018)
Balance, September 30, 2023 $ 155 
Schedule of Concentration of Credit Risk and Significant Customers Following is a summary of our significant customers based on percentages of total accounts receivable balances at September 30, 2023 and December 31, 2022 and percentages of total revenues derived for the three and nine months ended September 30, 2023 and 2022:
REVENUES ACCOUNTS RECEIVABLE
Three Months Ended September 30, Nine Months Ended September 30, At September 30, At December 31,
2023 2022 2023 2022 2023 2022
Customer A(a)
—  % —  % —  % —  % 88  % 83  %
Customer B(b)
8  % 9  % 11  % 12  % —  % —  %
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.