NATIONAL PRESTO INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
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Schedule II - Valuation and Qualifying Accounts
NATIONAL PRESTO INDUSTRIES, INC. AND SUBSIDIARIES
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended* December 31, 2023,*2022 and2021
| (In thousands) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Column A · Column B · Column C · Column D · Column E | ||||||||||
| Description · Balance at Beginning of Period · Additions - Charged to Costs and Expenses (A) · Additions - Charged to Other Accounts (B) · Deductions (C) · Balance at End of Period | ||||||||||
| Deducted from assets: | ||||||||||
| Allowance for doubtful accounts: | ||||||||||
| Year ended December 31, 2023 | $338 | $285 | $ | - | $27 | $596 | ||||
| Year ended December 31, 2022 | $338 | $ | - | $ | - | $ | - | $338 | ||
| Year ended December 31, 2021 | $312 | $50 | $ | - | $24 | $338 | ||||
| Allowance for doubtful note receivable: | ||||||||||
| Year ended December 31, 2023 | $7,615 | $ | - | $7,615 | $ | - | $ | - | ||
| Year ended December 31, 2022 | $7,615 | $ | - | $ | - | $ | - | $7,615 | ||
| Year ended December 31, 2021 | $ | - | $7,615 | $ | - | $ | - | $7,615 | ||
| Valuation allowance for deferred tax assets: | ||||||||||
| Year ended December 31, 2023 | $1,960 | $398 | $ | - | $1,404 | $954 | ||||
| Year ended December 31, 2022 | $1,695 | $265 | $ | - | $ | - | $1,960 | |||
| Year ended December 31, 2021 | $520 | $1,175 | $ | - | $ | - | $1,695 | |||
Notes:
(A) Amounts charged to selling and general expenses or provision for income taxes from continuing operations.
(B) Amounts charged to other accounts. Charged to Gain on sale of assets, net of outstanding balance due. See Note L.
(C) Principally bad debts written off, net of recoveries.
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