Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure

Schedule II—Valuation and Qualifying Accounts

Years Ended December 31, 2023, 2022 and 2021

(In thousands)

Allowances for Credit Losses:
Balance January 1, 2021	$	6,348
Provision charged to income	(11)
Doubtful accounts written off	(562)
Other adjustments(1)	(150)
Balance December 31, 2021	5,625
Provision charged to income	131
Doubtful accounts written off	(178)
Other adjustments(1)	(356)
Balance December 31, 2022	5,222
Provision charged to income	2,114
Doubtful accounts written off	(462)
Other adjustments(1)	384
Balance December 31, 2023	$	7,258

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(1)These amounts are comprised primarily of foreign currency translation and other reclassifications.

Schedule II—Valuation and Qualifying Accounts

Years Ended December 31, 2023, 2022 and 2021

(In thousands)

Valuation Allowance on Deferred Tax Assets:
Balance January 1, 2021	$	3,757
Additions charged to income tax expense	346
Reductions charged to other comprehensive income	(15)
Reductions credited to income tax expense	(241)
Changes due to foreign currency translation	22
Balance December 31, 2021	3,869
Additions charged to income tax expense	2,763
Reductions charged to other comprehensive income	(41)
Reductions credited to income tax expense	(59)
Changes due to foreign currency translation	(76)
Balance December 31, 2022	6,456
Additions charged to income tax expense	6,685
Acquisitions (1)	28,513
Reductions charged to other comprehensive income	51
Reductions credited to income tax expense	(109)
Changes due to foreign currency translation	29
Balance December 31, 2023	$	41,625

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(1) The increase in 2023 reflects the valuation allowance recorded at the MB Aerospace business, which was acquired in the third quarter of 2023.