APTARGROUP INC
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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FY2023 · Filed Feb 9, 2024
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II – Valuation and Qualifying Accounts
AptarGroup, Inc
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
For the years ended December 31, 2023, 2022 and 2021
| Dollars in thousands | |||||
|---|---|---|---|---|---|
| Balance atBeginningOf Period | Charged toCosts andExpenses | Chargedto OtherAccounts | DeductionsfromReserve (a) | Balanceat End ofPeriod | |
| CECL | $9,519 | $8,077 | $12 | $(1,391) | $16,217 |
| Deferred tax valuation allowance | 46,239 | 1,498 | 2,495 | (1,376) | 48,856 |
| CECL | $7,374 | $3,213 | $— | $(1,068) | $9,519 |
| Deferred tax valuation allowance | 47,149 | 3,754 | 380 | (5,044) | 46,239 |
| CECL | $5,918 | $1,601 | $391 | $(536) | $7,374 |
| Deferred tax valuation allowance (b) | 23,105 | 5,355 | 20,572 | (1,883) | 47,149 |
(a)Write-off accounts considered uncollectible, net of recoveries and foreign currency impact adjustments.
(b)The 2021 increase to the deferred tax valuation allowance in the charged to other accounts reflects the establishment of a $20.5 million deferred tax valuation allowance as part of the purchase accounting for the Voluntis acquisition.
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