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Schedule II Valuation and Qualifying Accounts | 12 Months Ended
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Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract] |
Schedule II Valuation and Qualifying Accounts | Schedule II Valuation and Qualifying Accounts
Column A |  | Column B |  | Column C |  | Column D |  | Column E
Description |  | Balance at Beginning of Period |  | Charged to (Reduction of) Cost and Expenses |  | Deductions |  | Balance at End of Period
Year ended December 31, 2016 |  |  |  |  |  |  |  |
Deducted from asset account: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 247,000 |  |  | $ | (45,000 | ) |  | $ | (120,000 | ) |  | $ | 82,000 |
Inventory reserves |  | $ | 682,000 |  |  | $ | 984,000 |  |  | $ | (700,000 | ) |  | $ | 966,000 |
Year ended December 31, 2015 |  |  |  |  |  |  |  |
Deducted from asset account: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 1,115,000 |  |  | $ | 104,000 |  |  | $ | (972,000 | ) | (a) | $ | 247,000 |
Inventory reserves |  | $ | 725,000 |  |  | $ | 767,000 |  |  | $ | (810,000 | ) |  | $ | 682,000 |
Year ended January 3, 2015 |  |  |  |  |  |  |  |
Deducted from asset account: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 1,079,000 |  |  | $ | 667,000 |  | (b) | $ | (631,000 | ) |  | $ | 1,115,000 |
Inventory reserves |  | $ | 2,206,000 |  |  | $ | 3,975,000 |  | (c) | $ | (5,456,000 | ) | (c) | $ | 725,000 |
(a) Allowance for doubtful accounts deductions for 2015 includes an $801,000 payment to the former owners of Palmer. Per the Stock Purchase Agreement between the former owners of Palmer and the Company (the "SPA"), the former owners of Palmer reimbursed Synalloy for all uncollected accounts receivable after 120 days of Synalloy's ownership. Synalloy increased the allowance for doubtful accounts to reflect the $801,000 payment to offset the outstanding accounts receivable at that time. Over the next two years, Synalloy collected approximately $299,000 on these old accounts and the accounts receivable balance was reduced accordingly. The SPA did not require the reimbursement of these subsequent collections to the former owners of Palmer; however, Synalloy management, on our own recognizance during the second quarter of 2015, reimbursed the $299,000 collected on these old accounts and eliminated the outstanding receivable and allowance for doubtful accounts balances. This transaction had no effect on earnings during any period. (b) Allowance for doubtful accounts charged to cost and expenses for 2014 includes approximately $76,000 for the beginning balance in the allowance for doubtful accounts for Specialty as a result of the acquisition on November 21, 2014. (c) Inventory reserves for 2014 reflect $3,109,000 of charged to costs and $4,813,000 of deductions associated with the closing of Bristol Fab and the sale of Ram-Fab during 2014.

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- Definition The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690 + Details
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- References No definition available. + Details
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