Quarterly report pursuant to Section 13 or 15(d)

Credit Loss Reserve and Allowances (Tables)

v3.20.2
Credit Loss Reserve and Allowances (Tables)
 6 Months Ended
Jun. 30, 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) 2,410    4    33    2,447   
Write-offs and dispositions (878)   —    —    (878)  
Foreign currency rate changes (1,003)   —    —    (1,003)  
Balance at June 30, 2020 $ 7,808    $ 115    $ 705    $ 8,628   

(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 54% of the provision recorded during the three-month period ended June 30, 2020 and three other airline and cruise line partners accounted for approximately 44% 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.