VSE CORP
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 3, 2025
VSEC$189.61+9.7%Stored close · as of Nov 9, 2026
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Schedule II - Valuation and Qualifying Accounts
| For the years ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Allowance for credit losses (in thousands): | |||
| Allowance as of beginning of year | $3,449 | $2,019 | $1,677 |
| Additions charged to costs and operating expenses | 3,922 | 1,484 | 2,084 |
| Deductions | (910) | (54) | (1,742) |
| Allowance as of end of year | $6,461 | $3,449 | $2,019 |
| For the years ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Valuation allowance for deferred tax assets (in thousands): | |||
| Allowance as of beginning of year | $9,906 | $8,337 | $8,257 |
| Additions charged to costs and operating expenses | 520 | 75 | 80 |
| Additions charged to other accounts (a) | 8,875 | 1,494 | — |
| Allowance as of end of year | $19,301 | $9,906 | $8,337 |
| (a) 2024 activity primarily includes the valuation allowance established from the Kellstrom Aerospace acquisition. | |||
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