LiveWire Group Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Schedule II – Valuation and qualifying accounts
SCHEDULE II -CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS
(In thousands)
| Years Ended | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Accounts receivable - Allowance for doubtful accounts | |||
| Balance, beginning of period | $211 | $66 | $11 |
| Provision charged to expense | 52 | 169 | 55 |
| Reserve adjustments | — | (16) | — |
| Write-offs, net of recoveries | (123) | (8) | — |
| Balance, end of period | $140 | $211 | $66 |
| Inventories - Allowance for obsolescence | |||
| Balance, beginning of period | $1,320 | $7,021 | $5,200 |
| Provision charged to expense | 2,219 | 1,074 | 2,456 |
| Reserve adjustments (1) | — | (6,691) | — |
| Write-offs, net of recoveries | — | (84) | (635) |
| Balance, end of period | $3,539 | $1,320 | $7,021 |
| Deferred tax assets - Valuation allowance | |||
| Balance, beginning of period | $8,312 | $915 | $594 |
| Adjustments | 1,381 | 7,397 | 321 |
| Balance, end of period | $9,693 | $8,312 | $915 |
(1) In connection with the Business Combination, the reserve adjustments represent the inventory reserves retained by H-D related to H-D branded electric motorcycles and related products. See Note 4, Business Combination, for further details.
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