SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2020

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II–VALUATION AND QUALIFYING ACCOUNTS

MARINE PRODUCTS CORPORATION AND SUBSIDIARIES (in thousands of dollars)

	For the years ended December 31, 2020, 2019 and 2018
	Balance at		Charged to		Net		Balance
	Beginning		Costs and		(Write-Offs)/		at End of
Description	of Period		Expenses		Recoveries		Period
Year ended December 31, 2020
Credit loss allowance for accounts receivable	$	20	$	8	$	(12)	$	16
Deferred tax asset valuation allowance	$	1,818	$	—	$	—	$	1,818
Year ended December 31, 2019
Credit loss allowance for accounts receivable	$	25	$	14	$	(19)	$	20
Deferred tax asset valuation allowance	$	2,794	$	—	$	(976)	$	1,818
Year ended December 31, 2018
Credit loss allowance for accounts receivable	$	25	$	—	$	—	$	25
Deferred tax asset valuation allowance	$	5,447	$	—	$	(2,653)	$	2,794