Andersons Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Schedule II - Consolidated Valuation and Qualifying Accounts
| Additions | |||||
|---|---|---|---|---|---|
| Description (in thousands) | Balance at Beginning of Period | Charged to Costs and Expenses | Charged to Other Accounts (1) | Deductions (2) | Balance at End of Period |
| Allowance for doubtful accounts receivable | |||||
| 2023 | $26,392 | $11,519 | $— | $(1,972) | $35,939 |
| 2022 | 6,911 | 4,249 | 17,168 | (1,936) | 26,392 |
| 2021 | 9,255 | (190) | — | (2,154) | 6,911 |
(1)In 2022, the Company reclassified reserves within Commodity derivative assets to reserves within accounts receivable of approximately $14.5 million from reserves on open contract equity positions now transferred into the form of a receivable. The Company also reclassified Accounts receivable and the associated allowance for doubtful accounts of $2.7 million related to the legacy Rail business from discontinued operations to continuing operations as a result of residual accounts receivable not being included with the sale of the remainder of the Rail business.
(2)Uncollectible accounts written off, net of recoveries and adjustments to estimates for the allowance for doubtful accounts receivable accounts.
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