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Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2020
Valuation And Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts

PREFORMED LINE PRODUCTS COMPANY

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

Year Ended December 31, 2020, 2019 and 2018

(Thousands of dollars)

 

For the year ended December 31, 2020:

 

Balance at beginning of

period

 

 

Additions

charged to

costs and

expenses

 

 

Deductions

 

 

Other

additions or deductions

 

 

Balance at

end of

period

 

Allowance for doubtful accounts

 

$

3,224

 

 

$

1,279

 

 

$

(1,527

)

 

$

(128

)

 

$

2,848

 

Reserve for credit memos

 

 

625

 

 

 

774

 

 

 

(792

)

 

 

9

 

 

 

616

 

Slow-moving and obsolete inventory reserves

 

 

8,877

 

 

 

2,035

 

 

 

(1,097

)

 

 

85

 

 

 

9,900

 

Accrued product warranty

 

 

1,309

 

 

 

279

 

 

 

(314

)

 

 

8

 

 

 

1,282

 

Foreign net operating loss tax carryforwards

 

 

3,137

 

 

 

1,176

 

 

 

(1,473

)

 

 

72

 

 

 

2,912

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2019:

 

Balance at beginning of

period

 

 

Additions

charged to

costs and

expenses

 

 

Deductions

 

 

Other

additions or deductions

 

 

Balance at

end of

period

 

Allowance for doubtful accounts

 

$

2,652

 

 

$

1,294

 

 

$

(697

)

 

$

(25

)

 

$

3,224

 

Reserve for credit memos

 

 

526

 

 

 

817

 

 

 

(739

)

 

 

21

 

 

 

625

 

Slow-moving and obsolete inventory reserves

 

 

8,462

 

 

 

1,283

 

 

 

(1,104

)

 

 

236

 

 

 

8,877

 

Accrued product warranty

 

 

928

 

 

 

481

 

 

 

(317

)

 

 

217

 

 

 

1,309

 

Foreign net operating loss tax carryforwards

 

 

3,495

 

 

 

153

 

 

 

(499

)

 

 

(12

)

 

 

3,137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2018:

 

Balance at beginning of

period

 

 

Additions

charged to

costs and

expenses

 

 

Deductions

 

 

Other

additions or deductions

 

 

Balance at

end of

period

 

Allowance for doubtful accounts

 

$

2,910

 

 

$

449

 

 

$

(529

)

 

$

(178

)

 

$

2,652

 

Reserve for credit memos

 

 

415

 

 

 

802

 

 

 

(688

)

 

 

(3

)

 

 

526

 

Slow-moving and obsolete inventory reserves

 

 

9,066

 

 

 

1,341

 

 

 

(1,658

)

 

 

(287

)

 

 

8,462

 

Accrued product warranty

 

 

1,076

 

 

 

97

 

 

 

(133

)

 

 

(112

)

 

 

928

 

Foreign net operating loss tax carryforwards

 

 

3,965

 

 

 

568

 

 

 

(761

)

 

 

(277

)

 

 

3,495