Valuation and Qualifying Accounts

12 Months Ended

Jun. 30, 2022

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

Matrix Service Company

Schedule II—Valuation and Qualifying Accounts

June 30, 2022, June 30, 2021, and June 30, 2020

(In thousands)


COL. A	COL. B		COL. C ADDITIONS				COL. D			COL. E
	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts—Describe		Deductions—Describe			Balance at End of Period
Fiscal Year 2022
Deducted from asset accounts:
Allowance for doubtful accounts	$	898	$	738	$	—	$	(316)	(A)	$	1,320
Valuation reserve for deferred tax assets	11,104		17,943		—		(432)		(B)	28,615
Total	$	12,002	$	18,681	$	—	$	(748)		$	29,935
Fiscal Year 2021
Deducted from asset accounts:
Allowance for doubtful accounts	905		85		—		(92)		(C)	898
Valuation reserve for deferred tax assets	7,763		2,797		—		544		(D)	11,104
Total	8,668		2,882		—		452			12,002
Fiscal Year 2020
Deducted from asset accounts:
Allowance for doubtful accounts	923		1,158		—		(1,176)		(E)	905
Valuation reserve for deferred tax assets	4,959		3,062		—		(258)		(B)	7,763
Total	5,882		4,220		—		(1,434)			8,668

(A)Relates to the write off of a $0.3 million account receivable that was fully reserved in a prior period.

(B)Relates to foreign currency translation for the portion of the valuation allowance on net operating loss and tax credit carryforwards in foreign jurisdictions.

(C)Primarily relates to a $0.1 million reserve that was recognized as a credit loss and ultimately written off within fiscal 2021.

(D)Relates to $1.1 million of foreign currency translation for the portion of the valuation allowance on net operating loss and tax credit carryforwards in foreign jurisdictions, partially offset by $0.6 million of fully reserved tax credits that expired in fiscal 2021.

(E)Primarily relates to a $0.6 million reserve that was recognized as a credit loss and ultimately settled and written off within fiscal 2020 and $0.3 million of payments received on a balance that was fully reserved.