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

ACCOUNTS RECEIVABLE

v3.25.4
ACCOUNTS RECEIVABLE
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
ACCOUNTS RECEIVABLE ACCOUNTS RECEIVABLE
Accounts receivable at December 31 consists of:
(In thousands) 2025 2024
Trade Accounts Receivable $ 150,832  $ 139,652 
Unbilled Recoverable Costs and Accrued Profits 54,687  54,171 
Total Receivables, Gross 205,519  193,823 
Less Allowance for Estimated Credit Losses (847) (2,377)
Total Receivables, Net $ 204,672  $ 191,446 
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, 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 
Bad Debt Expense, Net of (Recoveries) (36)
Write-off Charges Against the Allowance and Other Adjustments (1,494)
Balance at December 31, 2025
 $ 847 
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 write-offs in the periods ended December 31, 2025 and 2024 relate primarily to accounts receivable reserved for in previous periods related to these customer bankruptcies.