Annual report pursuant to Section 13 and 15(d)

ACCOUNTS RECEIVABLE

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ACCOUNTS RECEIVABLE
12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
ACCOUNTS RECEIVABLE ACCOUNTS RECEIVABLE
The following table presents components of "accounts receivable, net" recorded in the Company's balance sheets:
(In thousands) December 2022 December 2021
Trade $ 221,601  $ 290,830 
Royalty and other 14,175  10,675 
Total accounts receivable 235,776  301,505 
Less: allowance for doubtful accounts (9,918) (11,705)
Accounts receivable, net $ 225,858  $ 289,800 
Allowance for Doubtful Accounts
The following table presents a rollforward of the allowance for doubtful accounts:
(In thousands) Year Ended December
Balance, December 2020 $ 19,143 
Provision for expected credit losses 330 
Accounts receivable balances written off (1)
(6,309)
Other (2)
(1,459)
Balance, December 2021 $ 11,705 
Provision for expected credit losses (44)
Accounts receivable balances written off (1,375)
Other (2)
(368)
Balance, December 2022 $ 9,918 
(1) Accounts receivable balances written off against the allowance were primarily due to the exit of our India business during 2021.
(2) Other primarily includes the impact of foreign currency translation and recoveries of amounts previously written off, none of which were individually significant.
Sale of Trade Accounts Receivable
The Company is party to an agreement with a financial institution to sell selected trade accounts receivable on a nonrecourse basis. Under this agreement, up to $377.5 million of the Company’s trade accounts receivable may be sold to the financial institution and remain outstanding at any point in time. The Company removes the sold balances from "accounts receivable, net" in its balance sheet at the time of sale. The Company does not retain any interests in the sold trade accounts receivable but continues to service and collect outstanding trade accounts receivable on behalf of the financial institution.
During 2022, 2021 and 2020, the Company sold total trade accounts receivable of $1,410.2 million, $1,249.3 million and $981.9 million, respectively. As of December 2022 and December 2021, $246.0 million and $170.6 million, respectively, of the sold trade accounts receivable had been removed from the Company's balance sheets but remained outstanding with the financial institution.
The funding fees charged by the financial institution for this program are reflected in the Company's statements of operations within "other expense, net" and were $5.6 million, $1.8 million and $2.0 million in 2022, 2021 and 2020, respectively. Net proceeds of this program are reflected as operating activities in the Company's statements of cash flows.