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Schedule II - Valuation And Qualifying Accounts
 12 Months Ended
Dec. 31, 2014
Schedule II - 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, 2014, 2013 and 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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, 2014

 

$
1,078 

 

$
532 

 

$
19 

 

$
210 

 

$
1,419 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful note receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2014

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2013

 

$
1,592 

 

$
162 

 

$

 -

 

$
1,754 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2012

 

$

 -

 

$
1,592 

 

$

 -

 

$

 -

 

$
1,592 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)  Amounts charged to selling and general expenses.  See Note S to the Company's Consolidated Financial Statements for additional information regarding amounts charged for the year ended December 31, 2012 relating to an independent foreign manufacturing facility.

(B)  Amounts charged to other accounts.  Deferred revenue related to sales to the independent foreign manufacturing facility mentioned above, which was deemed uncollectible during the year ended December 31, 2012, was reclassified to the allowance for doubtful accounts during 2012.  For the year ended December 31, 2013, this amount primarily reflects the reclassification of the Allowance for doubtful note receivable balance to Allowance for doubtful accounts.  For the year ended December 31, 2014, this amount reflects the reserve for doubtful accounts recorded in association with a business acquisition that was completed during 2014, which is described in Note P to the Company's Consolidated Financial Statements.

(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.