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SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2021

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II-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, 2021, 2020 and 2019
		Balance at			Charged to			Net			Balance
		Beginning			Costs and			(Write-Offs)/			at End of
Description		of Period			Expenses			Recoveries			Period
Year ended December 31, 2021
Credit loss allowance for accounts receivable		$	16		$	—		$	(4)		$	12
Deferred tax asset valuation allowance		$	1,818		$	—		$	(1,818)		$	—
Year ended December 31, 2020
Credit loss allowance for accounts receivable		$	20		$	8		$	(12)		$	16
Deferred tax asset valuation allowance		$	1,818		$	—		$	—		$	1,818
Year ended December 31, 2019
Credit loss allowance for accounts receivable		$	25		$	14		$	(19)		$	20
Deferred tax asset valuation allowance		$	2,794		$	—		$	(976)		$	1,818