SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2021

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS (in thousands)

DECEMBER 31, 2021, 2020 and 2019

			Additions
			(reductions)
	Balance at		charged				Balance at
	beginning		(credited) to				End of
Description	of year		expense		Deductions(1)		Year
2021:
Reserve for bad debts	$	1,108	$	418	$	134	$	1,392
Reserve for cash discounts		586		10,153		9,850		889
Deferred tax asset valuation		5,593		(38)		—		5,555
	$	7,287	$	10,533	$	9,984	$	7,836
2020:
Reserve for bad debts	$	1,337	$	123	$	352	$	1,108
Reserve for cash discounts		612		8,504		8,530		586
Deferred tax asset valuation		4,985		608		—		5,593
	$	6,934	$	9,235	$	8,882	$	7,287
2019:
Reserve for bad debts	$	1,128	$	676	$	467	$	1,337
Reserve for cash discounts		692		9,482		9,562		612
Deferred tax asset valuation		3,892		1,093		—		4,985
	$	5,712	$	11,251	$	10,029	$	6,934

(1) Deductions against reserve for bad debts consist of accounts receivable written off net of recoveries and exchange rate movements. Deductions against reserve for cash discounts consist of allowances to customers.