SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2024

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS (in thousands)

DECEMBER 31, 2024, 2023 and 2022

			Additions
			(reductions)
	Balance at		charged				Balance at
	beginning		(credited) to				End of
Description	of year		expense		Deductions(1)		Year
2024:
Reserve for bad debts	$	1,519	$	1,034	$	1,000	$	1,553
Reserve for cash discounts		726		12,681		12,776		631
Deferred tax asset valuation		6,361		(181)		—		6,180
	$	8,606	$	13,534	$	13,776	$	8,364
2023:
Reserve for bad debts	$	1,414	$	160	$	55	$	1,519
Reserve for cash discounts		921		13,305		13,500		726
Deferred tax asset valuation		5,703		658		—		6,361
	$	8,038	$	14,123	$	13,555	$	8,606
2022:
Reserve for bad debts	$	1,392	$	34	$	12	$	1,414
Reserve for cash discounts		889		12,153		12,121		921
Deferred tax asset valuation		5,555		148		—		5,703
	$	7,836	$	12,335	$	12,133	$	8,038

(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.