Valuation Allowances

12 Months Ended

Dec. 31, 2023

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

Activity in the valuation accounts was as follows (in thousands):


	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions (net of recoveries)		Translation and Other, Net		Balance at End of Period
Year Ended December 31, 2023:
Allowance for doubtful accounts receivable	$	5,226	$	(336)	$	(428)	$	35	$	4,497
Allowance for excess or obsolete inventory	37,681		5,229		(1,437)		272		41,745
Valuation allowance on deferred tax assets(1)	36,749		(2,010)		(5,020)		(81)		29,638
Year Ended December 31, 2022:
Allowance for doubtful accounts receivable	$	4,471	$	2,066	$	(1,266)	$	(45)	$	5,226
Allowance for excess or obsolete inventory	40,440		3,739		(5,911)		(587)		37,681
Valuation allowance on deferred tax assets	37,643		19		(1,027)		114		36,749
Year Ended December 31, 2021:
Allowance for doubtful accounts receivable	$	8,304	$	705	$	(3,932)	$	(606)	$	4,471
Allowance for excess or obsolete inventory	40,731		4,806		(4,919)		(178)		40,440
Valuation allowance on deferred tax assets	35,497		2,410		—		(264)		37,643

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(1)As further discussed in Note 10, “Income Taxes,” the $5.0 million reduction in the valuation allowance on deferred tax assets is attributable to the expiration of foreign tax credit carryforwards in 2023.