Annual report pursuant to Section 13 and 15(d)

Valuation and qualifying accounts (Tables)

v3.3.1.900
Valuation and qualifying accounts (Tables)
12 Months Ended
Dec. 31, 2015
Valuation and qualifying accounts  
Schedule of valuation and qualifying accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

Additions

 

Changes to

 

Balance at

 

 

beginning

 

charged to

 

reserve, net(1)

 

end of year

 

 

of year

 

earnings

 

 

 

 

Year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

$

1,667

 

$

305

 

$

(629)

 

$

1,343

Reserves for inventory

 

 

2,452

 

 

2,251

 

 

(2,099)

 

 

2,604

Valuation of deferred tax assets

 

 

1,600

 

 

 -

 

 

(953)

 

 

647

Year ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

$

1,051

 

$

577

 

$

39

 

$

1,667

Reserves for inventory

 

 

1,599

 

 

1,752

 

 

(899)

 

 

2,452

Valuation of deferred tax assets

 

 

1,395

 

 

 -

 

 

205

 

 

1,600

Year ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

$

600

 

$

329

 

$

122

 

$

1,051

Reserves for inventory

 

 

1,199

 

 

757

 

 

(357)

 

 

1,599

Valuation of deferred tax assets

 

 

1,374

 

 

 -

 

 

21

 

 

1,395

 


(1)

Increases (deductions) from the allowance for doubtful accounts equal accounts receivable written off and increases related to acquired businesses, less recoveries, against the allowance. Increases (deductions) from the reserves for inventory excess and obsolete items equal inventory written off against the reserve as items were disposed of and increases for related to acquired businesses. 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.