Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2017

SCHEDULE II

Valuation and Qualifying Accounts

For the Years Ended December 31, 2017, 2016 and 2015

(in thousands)

	Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts				Deductions				Other⁽⁴⁾			Balance at End of Period
Year ended December 31, 2017
Allowance for doubtful accounts	$	2,228	$	317	$	(1,355	)	⁽¹⁾	$	(230	)		$	2		$	962
Valuation allowance against gross deferred income tax assets	$	45,449	$	0	$	154		⁽²⁾	$	(7,990	)	⁽³⁾	$	499		$	38,112
Year ended December 31, 2016
Allowance for doubtful accounts	$	983	$	1,598	$	0			$	(353	)		$	0		$	2,228
Valuation allowance against gross deferred income tax assets	$	2,481	$	0	$	30,405		⁽²⁾	$	0			$	12,563		$	45,449
Year ended December 31, 2015
Allowance for doubtful accounts	$	1,374	$	408	$	(762	)	⁽¹⁾	$	(25	)		$	(12	)	$	983
Valuation allowance against gross deferred income tax assets	$	3,254	$	0	$	(715	)	⁽²⁾	$	0			$	(58	)	$	2,481

(1)

Represents collection of receivables previously provided for in the allowance for doubtful accounts.

(2)

Represents valuation allowances established for deferred income tax assets since it is more likely than not that the assets will not be realized.

(3)	Represents decrease in valuation allowance during 2017, primarily due to the reduction in the U.S. corporate statutory income tax rate from 35% to 21%.

(4)	Represents primarily the impact from changes in foreign currency exchange rates and, for 2016, valuation allowances recorded at the date of the opening balance sheet for ASW Steel Inc.