Accounts Receivable
|
| | | | |
As at | Dec 31, 2017 |
| Dec 31, 2016 |
|
Accounts receivable | 148,805 |
| 185,414 |
|
Allowance for doubtful accounts | (2,777 | ) | (2,922 | ) |
Total | 146,028 |
| 182,492 |
|
Bad debt write-offs of $2,202 were recorded during the year ended December 31, 2017 (2016 - $621; 2015 - $1,610).
An aging of accounts receivable balances past due but not impaired is as follows:
|
| | | | |
As at | Dec 31, 2017 |
| Dec 31, 2016 |
|
Amounts past due (net of provision) | | |
Past due 1 - 30 days | 6,280 |
| 8,288 |
|
Past due 31 - 60 days | 2,642 |
| 2,413 |
|
Past due 61 - 120 days | 3,070 |
| 3,175 |
|
Past due more than 120 days | 3,344 |
| 1,712 |
|
Total | 15,336 |
| 15,588 |
|
Amounts past due represent accounts receivable past due based on the customer's contractual terms. The net amounts past due of approximately $15 million, which is equivalent to 11% of the net accounts receivable balance as at December 31, 2017, has been assessed for recoverability by the Company. The majority of this balance relates to customers with a long trading history with the Company, whereby no issues of collection are expected.
