Holley Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
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Item 15. Exhibits, Financial Statement Schedules
The following documents are filed as part of this Annual Report on Form 10-K:
| (1) | Financial Statements: |
The financial statements are filed as part of this Annual Report on Form 10-K under “Item 8. Financial Statements and Supplementary Data.”
| (2) | Financial Statement Schedules: |
Schedule II-Valuation and Qualifying Accounts is included below. The rest of the schedules required by this item have been omitted as they are either not required, not applicable or the information required is presented in the financial statements and notes thereto under "Item 8. Financial Statements and Supplementary Data" of this report.
Holley Inc. and Subsidiaries
Schedule II - Valuation and Qualifying Accounts
Years Ended* December 31, 2024*,2023, and2022
| Charged · Charged | |||||
|---|---|---|---|---|---|
| Balance at | (Credited) | Reserves | Against | Balance at | |
| Beginning of | to Costs and | from | Allowances | End of | |
| Period | Expenses | Acquisitions | (1) (2) | Period | |
| Accounts receivable reserve: | |||||
| Year ended December 31, 2022: | |||||
| Bad debt reserve | $956 | $878 | $— | $672 | $1,162 |
| Cash discount reserve | 430 | 5,941 | — | 5,983 | 388 |
| Year ended December 31, 2023: | |||||
| Bad debt reserve | 1,162 | 1,016 | — | 1,122 | 1,056 |
| Cash discount reserve | 388 | 5,991 | — | 5,858 | 521 |
| Year ended December 31, 2024: | |||||
| Bad debt reserve | 1,056 | 1,343 | — | 705 | 1,694 |
| Cash discount reserve | 521 | 5,238 | — | 5,427 | 332 |
| Inventory valuation reserve: | |||||
| Year ended December 31, 2022: | |||||
| Expired and obsolete reserve | 26,280 | 13,410 | — | 1,156 | 38,534 |
| Year ended December 31, 2023: | |||||
| Expired and obsolete reserve | 38,534 | 1,802 | — | 6,362 | 33,974 |
| Year ended December 31, 2024: | |||||
| Expired and obsolete reserve | 33,974 | 11,057 | — | 9,889 | 35,142 |
| (1) Write-off of uncollectible accounts, net of recoveries. | |||||
| (2) Write-off of obsolete inventory, net of inventory adjustments. | |||||
| (3) | Exhibits: |
See Exhibit Index immediately following the signature page of this Annual Report on Form 10-K.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.