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Schedule II - Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts

PARSONS CORPORATION AND SUBSIDIARIES

Schedule II—Valuation and Qualifying Accounts

 

(in thousands)

 

Balance at
beginning
of period

 

 

Additions

 

 

Deductions

 

 

Other and foreign
exchange impact

 

 

Balance at
end of period

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

$

3,952

 

 

$

-

 

 

$

(66

)

 

$

-

 

 

$

3,886

 

Valuation allowance on deferred tax assets

 

 

34,779

 

 

 

11,452

 

 

 

(328

)

 

 

(585

)

 

 

45,318

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

 

4,011

 

 

$

-

 

 

$

(59

)

 

$

-

 

 

 

3,952

 

Valuation allowance on deferred tax assets

 

 

28,705

 

 

 

8,209

 

 

 

(2,437

)

 

 

302

 

 

 

34,779

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts

 

 

3,955

 

 

 

59

 

 

 

(3

)

 

 

-

 

 

 

4,011

 

Valuation allowance on deferred tax assets

 

$

27,348

 

 

 

3,656

 

 

 

(2,180

)

 

 

(119

)

 

$

28,705