Glatfelter Corp
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Schedule II
SUPPLEMENTAL FINANCIAL STATEMENT SCHEDULE
For each of the three years ended December 31, 2023
Valuation and Qualifying Accounts
| Allowance for | ||||||
|---|---|---|---|---|---|---|
| In thousands | Doubtful Accounts | Sales Discounts and Deductions | ||||
| 2023 | 2022 | 2021 | 2023 | 2022 | 2021 | |
| Balance, beginning of year | $5,025 | $2,731 | $2,093 | $1,914 | $825 | $791 |
| Provision | 132 | 3,044 | 469 | 5,633 | 3,077 | 1,649 |
| Write-offs, recoveries and discounts allowed | (2,703) | (102) | (10) | (5,852) | (1,610) | (1,493) |
| Other (1) | 184 | (648) | 179 | 77 | (377) | (122) |
| Balance, end of year | $2,638 | $5,025 | $2,731 | $1,772 | $1,914 | $825 |
The provision for doubtful accounts is included in selling, general and administrative expense and the provision for sales discounts and deductions is deducted from sales. The related allowances are deducted from accounts receivable.
(1)Relates primarily to changes in currency exchange rates.
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