Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable

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Accounts Receivable
 9 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Accounts Receivable Accounts Receivable
December 31, 2024 March 31, 2024
Billed $ 120,530  $ 136,604 
Unbilled 88,109  64,117 
Allowance for credit losses (9,128) (9,706)
Accounts receivable, net $ 199,511  $ 191,015 
Billed accounts receivable represent amounts billed to customers for which the Company has an unconditional right to consideration. Unbilled accounts receivable represent revenue recognized but billed after period-end. All unbilled receivables as of December 31, 2024 are expected to be billed and collected (subject to the allowance for credit losses) within twelve months.
The Company considers various factors, including credit risk associated with customers. To the extent any individual debtor is identified whose credit quality has deteriorated, the Company establishes allowances based on the individual risk characteristics of such customer. The Company makes concerted efforts to collect all outstanding balances due, however account balances are charged off against the allowance when management believes it is probable the receivable will not be recovered.
Allowance for Credit Losses
The Company maintains reserves for current expected credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, current economic trends, and changes in customer payment patterns to evaluate the adequacy of these reserves.
The Company considers a receivable past due when a customer has not paid by the contractually specified payment due date. Account balances are written off against the allowance for credit losses if collection efforts are unsuccessful and the receivable balance is deemed uncollectible (customer default), based on factors such as customer credit assessments as well as the length of time the amounts are past due.
Changes in the allowance for credit losses on trade receivables were as follows:

Three months ended December 31, Nine months ended December 31,
2024 2023 2024 2023
Balance, beginning of period
 $ 8,938  $ 10,106  $ 9,706  $ 10,206 
Provision for credit losses
 846  1,348  2,144  2,575 
Write-offs
 (656) (2,730) (2,722) (4,057)
Balance, end of period
 $ 9,128  $ 8,724  $ 9,128  $ 8,724 
The Company recorded $846 and $2,144 of credit loss expense during the three and nine months ended December 31, 2024, respectively, and $1,348 and $2,575 of credit loss expense during the three and nine months ended December 31, 2023, respectively, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income.