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Note 20 - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

20.

Valuation and Qualifying Accounts

For the years ended December 31, 2021, 2020 and 2019:

		*Balance at Beginning of Year*				*Additions Charged to Earnings*				*Additions Charged to Retained Earnings (1)*				*Charges to Reserve, Net (2)*				*Reserves Established for Acquisitions*				*Balance at End of Year*
Year ended December 31, 2021
Allowance for credit losses		$	12,001			$	206			$	-			$	(1,640	)		$	1,458			$	12,025
Reserves for inventory			27,817				17,698				-				(15,749	)			3,771				33,537
Valuation of deferred tax assets			5,740				1,404				-				(2,441	)			3,171				7,874

Year ended December 31, 2020
Allowance for credit losses		$	6,968			$	4,645			$	1,147			$	(957	)		$	198			$	12,001
Reserves for inventory			24,293				11,353				-				(8,788	)			959				27,817
Valuation of deferred tax assets			5,024				716				-				-				-				5,740

Year ended December 31, 2019
Allowance for credit losses		$	4,873			$	3,086			$	-			$	(1,033	)		$	42			$	6,968
Reserves for inventory			23,140				4,821				-				(3,867	)			199				24,293
Valuation of deferred tax assets			5,802				-				-				-				(778	)			5,024

	(1)	Result of adopting ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
	(2)	Deductions from the allowance for doubtful accounts equal accounts receivable written off against the allowance, less recoveries, as well as foreign currency translation adjustments. Deductions from the reserves for inventory excess and obsolete items equal inventory written off against the reserve as items were disposed of, as well as foreign currency translation adjustments.