Annual report pursuant to Section 13 and 15(d)

Valuation and qualifying accounts

v3.20.4
Valuation and qualifying accounts
12 Months Ended
Dec. 31, 2020
Valuation and qualifying accounts  
Valuation and qualifying accounts

19. Valuation and qualifying accounts

The Company’s valuation and qualifying accounts for the years ended December 31, 2020, 2019 and 2018 are as follows:

Balance at

Additions

Changes to

Balance at

beginning

charged to

reserve, net (1)

end of year

of year

earnings

Year ended December 31, 2020

Allowance for credit losses

$

1,487

$

1,081

$

361

$

2,929

Valuation of deferred tax assets

1,612

-

1,762

3,374

Year ended December 31, 2019

Allowance for credit losses

$

871

$

1,361

$

(745)

$

1,487

Valuation of deferred tax assets

1,473

-

139

1,612

Year ended December 31, 2018

Allowance for credit losses

$

1,056

$

531

$

(716)

$

871

Valuation of deferred tax assets

777

-

696

1,473

(1)

Increases (deductions) from the allowance for credit losses equal accounts receivable written off and increases related to acquired businesses, less recoveries, against the allowance. See Note 2 for additional information. Increases (deductions) to the valuation of deferred tax assets relate to the reversals due to changes in management’s judgments regarding the future realization of the underlying deferred tax assets.