Annual report pursuant to Section 13 and 15(d)

Valuation and qualifying accounts (Tables)

v3.22.0.1
Valuation and qualifying accounts (Tables)
12 Months Ended
Dec. 31, 2021
Valuation and qualifying accounts  
Schedule of valuation and qualifying accounts

The Company’s valuation and qualifying accounts for the years ended December 31, 2021, 2020 and 2019 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, 2021

Allowance for credit losses

$

2,929

$

67

$

(26)

$

2,970

Valuation of deferred tax assets

3,374

-

(101)

3,273

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

(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.