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Schedule II - Valuation And Qualifying Accounts
 12 Months Ended
Dec. 31, 2013
Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation And Qualifying Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NATIONAL PRESTO INDUSTRIES, INC. AND SUBSIDIARIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31, 2013, 2012 and 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Column A

 

 

Column B

 

 

Column C

 

 

Column C

 

 

Column D

 

 

Column E

Description

 

 

Balance at Beginning of Period

 

 

Additions - Charged to Costs and Expenses (A)

 

 

Additions - Charged to Other Accounts (B)

 

 

Deductions (C)

 

 

Balance at End of Period

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deducted from assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2013

 

$
6,111 

 

$
655 

 

$
130 

 

$
5,818 

 

$
1,078 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2012

 

$
1,361 

 

$
4,037 

 

$
1,122 

 

$
409 

 

$
6,111 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2011

 

$
527 

 

$
1,037 

 

$

 -

 

$
203 

 

$
1,361 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful note receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2013

 

$
1,592 

 

$
162 

 

$

 -

 

$
1,754 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2012

 

$

 -

 

$
1,592 

 

$

 -

 

$

 -

 

$
1,592 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2011

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)  Amounts charged to selling and general expenses.  See Note R to the Company's Consolidated Financial Statements for additional information regarding amounts for 2012.

(B)  Amounts charged to other accounts - Deferred revenue related to sales to an independent foreign manufacturing facility, which was deemed uncollectible during 2012, was reclassified to the allowance for doubtful accounts during 2012.  The Company's relationship with the foreign facility is described in Note R to the Company's Consolidated Financial Statements. For 2013, this amount primarily reflects the reclassification of the Allowance for doubtful note receivable balance to Allowance for doubtful accounts.

(C)  Principally bad debts written off, net of recoveries.  The amounts shown for the year ended December 31, 2013 were attributable to balances reserved in prior years related to the independent foreign manufacturing facility mentioned above.  The corresponding receivables were written off in 2013.