Annual report pursuant to Section 13 and 15(d)

Accounts Receivable

v3.10.0.1
Accounts Receivable
12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Accounts Receivable
 Accounts Receivable
Accounts receivable consisted of the following at December 31, 2018 and 2017:
 
 
December 31,
 
 
2018
 
2017
 
 
(in thousands)
Trade receivables from clients
 
$
120,767

 
$
115,354

Insurance commissions receivable
 
11,679

 
13,102

Accounts receivable, gross
 
132,446

 
128,456

Less: Allowances
 
(8,850
)
 
(3,951
)
Accounts receivable, net
 
$
123,596

 
$
124,505


Trade receivables include amounts billed to our clients, primarily under our on demand subscription solutions. Trade receivables also includes amounts invoiced to clients prior to the period in which the service is provided and amounts for which we have met the requirements to recognize revenue in advance of invoicing the client. Insurance commissions receivable consists of commissions derived from the sale of insurance products to individuals and contingent commissions related to those policies. Contingent commissions are determined based on a calculation that considers earned agent commissions, a percent of premium retained by our underwriting partner, incurred losses, and profit retained by our underwriting partner during the time period. Contingent commissions receivables are recorded at their estimated net realizable value, based on estimates and considerations which include, but are not limited to, the historical and projected loss rates incurred by the underlying policies.