PREFORMED LINE PRODUCTS CO
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
PLPC$284.42+8.6%Stored close · as of Nov 9, 2026
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II - Valuation and Qualifying Accounts
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
Year Ended December 31, 2024, 2023 and 2022
(Thousands of dollars)
| For the year ended December 31, 2024: | Balance at beginning of period | Additions charged to costs and expenses | Deductions | Other additions or deductions | Balance at end of period |
|---|---|---|---|---|---|
| Allowance for credit losses | $8,260 | $(750) | $(260) | $(292) | $6,958 |
| Reserve for credit memos | 746 | 221 | (396) | (9) | 562 |
| Slow-moving and obsolete inventory reserves | 17,579 | 5,447 | (4,427) | (877) | 17,722 |
| Accrued product warranty | 1,278 | 288 | (25) | (82) | 1,459 |
| Foreign net operating loss tax carryforwards | 1,940 | 785 | (627) | (131) | 1,967 |
| For the year ended December 31, 2023: | Balance at beginning of period | Additions charged to costs and expenses | Deductions | Other additions or deductions (a) | Balance at end of period |
| 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 of period | Additions charged to costs and expenses | Deductions | Other additions or deductions (a) | Balance at end of period |
| 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 |
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