Annual report [Section 13 and 15(d), not S-K Item 405]

ACCOUNTS RECEIVABLE

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ACCOUNTS RECEIVABLE
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
ACCOUNTS RECEIVABLE ACCOUNTS RECEIVABLE
Accounts receivable at December 31 consists of:
(In thousands) 2024 2023
Trade Accounts Receivable $ 139,652  $ 134,980 
Unbilled Recoverable Costs and Accrued Profits 54,171  46,321 
Total Receivables, Gross 193,823  181,301 
Less Allowance for Estimated Credit Losses (2,377) (9,193)
Total Receivables, Net $ 191,446  $ 172,108 
The following table provides a roll-forward of the allowance for estimated credit losses that is deducted from accounts receivable to present the net amount expected to be collected at December 31:
(In thousands)
Balance at December 31, 2022
 $ 2,630 
Bad Debt Expense, Net of Recoveries 7,772 
Write-off Charges Against the Allowance and Other Adjustments (1,209)
Balance at December 31, 2023
 9,193 
Bad Debt Expense, Net of Recoveries 1,348 
Write-off Charges Against the Allowance and Other Adjustments (8,164)
Balance at December 31, 2024
 $ 2,377 
As further described in Note 1, Summary of Significant Accounting Principles and Practices, the Company recorded a $1.0 million and $7.5 million reserve for outstanding receivables for customer bankruptcies within the Aerospace segment in 2024 and 2023, respectively. The reserve associated with the customer bankruptcy in 2023 was subsequently written off in 2024.