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Schedule II Valuation And Qualifying Accounts
 12 Months Ended
Dec. 31, 2011
Schedule II Valuation And Qualifying Accounts [Abstract]  
Schedule II Valuation And Qualifying Accounts

SCHEDULE II

LORAL SPACE & COMMUNICATIONS INC.

VALUATION AND QUALIFYING ACCOUNTS

For the Year Ended December 31, 2011, 2010 and 2009

(In thousands)

September 30, September 30, September 30, September 30, September 30,
       Additions  

Description

      Balance at
Beginning
of Period		        Charged to
Costs and
Expenses		     Charged to
Other
Accounts(1)		        Deductions
From
Reserves(2)		      Balance at
End of
Period		  

Year ended 2009

                    

Allowance for billed receivables

      $ 923         $ 2,759      $ —           $ —         $ 3,682   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

Inventory allowance

      $ 27,200         $ 1,042      $ 55         $ —         $ 28,297   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

Deferred tax valuation allowance

      $ 487,762         $ (96,617 )    $ 22,893         $ —         $ 414,038   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

Year ended 2010

                    

Allowance for billed receivables

      $ 3,682         $ —        $ —           $ (3,459 )     $ 223   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

Inventory allowance

      $ 28,297         $ 4,297      $ —           $ (1,224 )     $ 31,370   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

Deferred tax valuation allowance

      $ 414,038         $ (402,809 )(3)    $ —           $ —         $ 11,229   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

Year ended 2011

                    

Allowance for billed receivables

      $ 223         $ —        $ —           $ —         $ 223   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

Inventory allowance

      $ 31,370         $ (10 )    $ —           $ —         $ 31,360   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

Deferred tax valuation allowance

      $ 11,229         $ (375 )    $ 33         $ —         $ 10,887   
    

 

 

       

 

 

    

 

 

       

 

 

     

 

 

  

 

(1) 

The allowance for long-term receivables is recorded as a reduction to revenues. Changes in the deferred tax valuation allowance which have been charged to other accounts have been recorded in accumulated other comprehensive loss and other deferred tax assets.

 

(2) 

Deductions from reserves reflect write-offs of uncollectible billed receivables and disposals of inventory.

 

(3) 

During the fourth quarter of 2010, we determined, based on all available evidence, that a full valuation allowance was no longer required on our deferred tax assets and, therefore, $335.3 million of the valuation allowance was reversed as an income tax benefit. In addition, the valuation allowance was reduced by $67.5 million recorded as benefit to continuing operations.