Quarterly report pursuant to Section 13 or 15(d)

Credit Loss Reserve and Allowances (Tables)

v3.20.2
Credit Loss Reserve and Allowances (Tables)
 3 Months Ended
Mar. 31, 2020
Credit Loss [Abstract]  
Accounts Receivable, Allowance for Credit Loss
A summary of our allowances for credit losses were as follows (in thousands):
 
Accounts Receivable
 
Prepaid and Other Current Assets
 
Other Non-Current Assets
 
Total
Balance at January 1, 2020
$
6,776

 
$
—

 
$
—

 
$
6,776

Cumulative-effect adjustment of ASC 326 adoption
503

 
111

 
672

 
1,286

Current-period provision for expected credit losses(1)
2,950

 
4

 
33

 
2,987

Write-offs and dispositions
(866
)
 
—

 
—

 
(866
)
Foreign currency rate changes
(870
)
 
—

 
—

 
(870
)
Balance at March 31, 2020
$
8,493

 
$
115

 
$
705

 
$
9,313


(1) The current-period provision for expected credit losses was due primarily to the impact of COVID-19. One international airline partner in particular accounted for approximately 45% of the provision recorded during the three-month period ended March 31, 2020 and three other airline partners accounted for approximately 43% of the provision recorded during the same period because of financial distress caused by COVID-19. We will continue to monitor the financial conditions of all customers and will record additional credit losses in the future, as appropriate.