Valuation and qualifying accounts (Tables)

12 Months Ended

Dec. 31, 2024

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

Schedule of valuation and qualifying accounts

The following table presents the information required by Rule 12-09 of Regulation S-X regarding valuation and qualifying accounts for each of the periods presented:


Description	Balance at beginning of period		Additions (i)		Deductions (ii)		Remeasurement/Translation		Balance at end of period
Year ended December 31, 2024:
Deducted from assets accounts:
Allowance for doubtful accounts (iii)	$	1,440	$	766	$	(1,636)	$	(179)	$	391
Valuation allowance on deferred tax assets	218,674		32,999		(10,631)		(36,144)		204,898
Reported as liabilities:
Provision for contingencies	50,619		7,620		(19,072)		(8,811)		30,356
Total	$	270,733	$	41,385	$	(31,339)	$	(45,134)	$	235,645
Year ended December 31, 2023:
Deducted from assets accounts:
Allowance for doubtful accounts (iii)	$	849	$	838	$	(309)	$	62	$	1,440
Valuation allowance on deferred tax assets	201,414		34,029		(11,458)		(5,311)		218,674
Reported as liabilities:
Provision for contingencies	44,839		24,893		(22,022)		2,909		50,619
Total	$	247,102	$	59,760	$	(33,789)	$	(2,340)	$	270,733
Year ended December 31, 2022:
Deducted from assets accounts:
Allowance for doubtful accounts (iii)	$	874	$	732	$	(715)	$	(42)	$	849
Valuation allowance on deferred tax assets	186,239		63,163		(5,453)		(42,535)		201,414
Reported as liabilities:
Provision for contingencies	34,086		27,182		(16,224)		(205)		44,839
Total	$	221,199	$	91,077	$	(22,392)	$	(42,782)	$	247,102

(i)Additions in valuation allowance on deferred tax assets are charged to income tax expense, net.

Additions in provision for contingencies are explained as follows:

Fiscal years 2024, 2023 and 2022 – Relate to the accrual of $7,201, $24,260 and $27,041, respectively, and a reclassification of $419, $633, and $141 during fiscal years 2024, 2023 and 2022, respectively. See Note 18 for details.

(ii)Deductions in valuation allowance on deferred tax assets are charged to income tax expense, net.

Deductions in provision for contingencies are explained as follows:

Corresponds to the settlements amounting to $19,072; $22,022 and $16,224 during fiscal years 2024, 2023 and 2022, respectively as discussed in Note 18.

(iii)Presented in the consolidated balance sheet as follows: $294, $1,330 and $460 as of December 31, 2024, 2023 and 2022, respectively, within Accounts and notes receivable, net and $97 and $110 and $389 as of December 31, 2024, 2023 and 2022, respectively, within Other receivables.