Provisions and Other

12 Months Ended

Dec. 31, 2020

Disclosure Of Other Provisions [Abstract]

NOTE 16. PROVISIONS AND OTHER

	Workers’ Compensation
Balance December 31, 2018	$	13,373
Expensed during the year		4,047
Payment of deductibles and uninsured claims		(4,915	)
Effects of foreign currency exchange differences		(639	)
Balance December 31, 2019		11,866
Recovered during the year		(750	)
Payment of deductibles and uninsured claims		(2,698	)
Effects of foreign currency exchange differences		(110	)
Balance December 31, 2020	$	8,308

	2020		2019
Current	$	745	$	1,907
Long-term		7,563		9,959
	$	8,308	$	11,866

Precision maintains a provision for the deductible and uninsured portions of workers’ compensation and general liability claims. The amount accrued for the provision for losses incurred varies depending on the number and nature of the claims outstanding at the balance sheet dates. In addition, the accrual includes management’s estimate of the future cost to settle each claim such as future changes in the severity of the claim and increases in medical costs. Precision uses third parties to assist in developing the estimate of the ultimate costs to settle each claim, which is based on historical experience associated with the type of each claim and specific information related to each claim. The specific circumstances of each claim may change over time prior to settlement and, as a result, the estimates made as of the balance sheet dates may change.