Valuation Allowances

12 Months Ended

Dec. 31, 2024

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, 2024:
Allowance for doubtful accounts receivable	$	4,497	$	933	$	(2,792)	$	(24)	$	2,614
Allowance for excess or obsolete inventory	41,745		3,108		(5,804)		(75)		38,974
Valuation allowance on deferred tax assets(1)	29,638		760		(8,023)		(287)		22,088
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(2)	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

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(1)As further discussed in Note 10, “Income Taxes,” the $8.0 million reduction in the valuation allowance on deferred tax assets in 2024 was primarily attributable to the expiration of foreign tax credit carryforwards as well as reductions in other deferred tax assets.

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