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Note 20 - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2023

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, 2023, 2022 and 2021:

		*Balance at Beginning of Year*				*Additions Charged to Earnings*				*Charges to Reserve, Net (1)*				*Reserves Established for Acquisitions*				*Balance at End of Year*
Year ended December 31, 2023
Allowance for credit losses		$	27,664			$	7,443			$	(1,206	)		$	24			$	33,925
Reserves for inventory			39,714				4,621				(5,308	)			-				39,027
Valuation of deferred tax assets			4,638				516				(18	)			-				5,136

Year ended December 31, 2022
Allowance for credit losses		$	12,025			$	17,966			$	(2,825	)		$	498			$	27,664
Reserves for inventory			33,537				9,656				(4,737	)			1,258				39,714
Valuation of deferred tax assets			7,874				649				(1,501	)			(2,384	)			4,638

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

(1)

Deductions from the allowance for credit losses 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.