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VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2014

VALUATION AND QUALIFYING ACCOUNTS

VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

MARINE PRODUCTS CORPORATION AND SUBSIDIARIES (in thousands of dollars)

		For the years ended December 31, 2014, 2013 and 2012
Description		Balance at Beginning of Period				Charged to Costs and Expenses				Net (Write-Offs)/ Recoveries				Balance at End of Period
Year ended December 31, 2014
Allowance for doubtful accounts		$	25			$	—			$	—			$	25
Deferred tax asset valuation allowance		$	4,359			$	42			$	—			$	4,401
Year ended December 31, 2013
Allowance for doubtful accounts		$	22			$	—			$	3			$	25
Deferred tax asset valuation allowance		$	4,155			$	204			$	—			$	4,359
Year ended December 31, 2012
Allowance for doubtful accounts		$	27			$	—			$	(5	)		$	22
Deferred tax asset valuation allowance		$	3,783			$	372			$	—			$	4,155