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SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | 12 Months Ended
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Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] |
Schedule Of Valuation And Qualifying Accounts Disclosure Text Block | Item 15. Exhibits, Fin ancial Statement Schedules The following documents are filed as part of this Annual Report on Form 10-K: (1) Financial Statements: The financial statements are filed as part of this Annual Report on Form 10-K under “Item 8. Financial Statements and Supplementary Data.” (2) Financial Statement Schedules: Schedule II-Valuation and Qualifying Accounts is included below. The rest of the schedules required by this item have been omitted as they are either not required, not applicable or the information required is presented in the financial statements and notes thereto under "Item 8. Financial Statements and Supplementary Data" of this report.
Holley Inc. and Subsidiaries |
Schedule II - Valuation and Qualifying Accounts |
Years Ended December 31, 2021, 2020, and 2019 |
|  |  |  |  | Charged |  |  |  |  |  | Charged |  |  |  |
|  | Balance at |  |  | (Credited) |  |  | Reserves |  |  | Against |  |  | Balance at |
|  | Beginning of |  |  | to Costs and |  |  | from |  |  | Allowances |  |  | End of |
|  | Period |  |  | Expenses |  |  | Acquisitions |  |  | (1) (2) |  |  | Period |
Accounts receivable reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year ended December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bad debt reserve |  | $ | 334 |  |  | $ | 103 |  |  | $ | — |  |  | $ | 229 |  |  | $ | 208 |
Cash discount reserve |  |  | 406 |  |  |  | 3,751 |  |  |  | — |  |  |  | 3,915 |  |  |  | 242 |
Year ended December 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bad debt reserve |  |  | 208 |  |  |  | 1,597 |  |  |  | — |  |  |  | 992 |  |  |  | 813 |
Cash discount reserve |  |  | 242 |  |  |  | 5,289 |  |  |  | — |  |  |  | 5,105 |  |  |  | 426 |
Year ended December 31, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bad debt reserve |  |  | 813 |  |  |  | 809 |  |  |  | — |  |  |  | 666 |  |  |  | 956 |
Cash discount reserve |  |  | 426 |  |  |  | 6,173 |  |  |  | — |  |  |  | 6,169 |  |  |  | 430 |
Inventory valuation reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year ended December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expired and obsolete reserve |  |  | 16,177 |  |  |  | 2,792 |  |  |  | — |  |  |  | 99 |  |  |  | 18,870 |
Year ended December 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expired and obsolete reserve |  |  | 18,870 |  |  |  | 2,293 |  |  |  | 480 |  |  |  | (409 | ) |  |  | 22,052 |
Year ended December 31, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expired and obsolete reserve |  |  | 22,052 |  |  |  | 3,806 |  |  |  | 1,226 |  |  |  | 804 |  |  |  | 26,280 |
(1) Write-off of uncollectible accounts, net of recoveries. |
(2) Write-off of obsolete inventory, net of inventory adjustments. |
(3) Exhibits: See Exhibit Index immediately following the signature page of this Annual Report on Form 10-K.

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24092-122690 + Details
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