PREFORMED LINE PRODUCTS CO
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
PLPC$284.42+8.6%Stored close · as of Nov 9, 2026
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II - Valuation and Qualifying Accounts
SCHEDULE II – VALUATIONAND QUALIFYING ACCOUNTS
Year Ended December 31, 2023, 2022 and 2021
(Thousands of dollars)
| For the year ended December 31, 2023: | Balance at beginning ofperiod | Additionscharged tocosts andexpenses | Deductions | Otheradditions or deductions | Balance atend ofperiod |
|---|---|---|---|---|---|
| Allowance for credit losses | $5,021 | $3,250 | $(218) | $207 | $8,260 |
| Reserve for credit memos | 579 | 476 | (310) | 1 | 746 |
| Slow-moving and obsolete inventory reserves | 10,835 | 9,950 | (3,427) | 221 | 17,579 |
| Accrued product warranty | 1,111 | 213 | (70) | 24 | 1,278 |
| Foreign net operating loss tax carryforwards | 2,722 | 367 | (466) | (683) | 1,940 |
| For the year ended December 31, 2022: | Balance at beginning ofperiod | Additionscharged tocosts andexpenses | Deductions | Otheradditions or deductions (a) | Balance atend ofperiod |
| Allowance for credit losses | $3,091 | $2,108 | $(122) | $(56) | $5,021 |
| Reserve for credit memos | 653 | 92 | (161) | (5) | 579 |
| Slow-moving and obsolete inventory reserves | 10,636 | 4,001 | (3,813) | 11 | 10,835 |
| Accrued product warranty | 1,635 | 372 | (931) | 35 | 1,111 |
| Foreign net operating loss tax carryforwards | 3,550 | 1,812 | (2,169) | (471) | 2,722 |
| For the year ended December 31, 2021: | Balance at beginning ofperiod | Additionscharged tocosts andexpenses | Deductions | Otheradditions or deductions (a) | Balance atend ofperiod |
| Allowance for credit losses | $2,848 | $931 | $(435) | $(253) | $3,091 |
| Reserve for credit memos | 616 | 1,964 | (1,918) | (9) | 653 |
| Slow-moving and obsolete inventory reserves | 9,900 | 3,052 | (2,488) | 172 | 10,636 |
| Accrued product warranty | 1,282 | 934 | (553) | (28) | 1,635 |
| Foreign net operating loss tax carryforwards | 2,912 | 1,935 | (1,297) | — | 3,550 |
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