SCHEDULE II -VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2022

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

	For the years ended
	December 31, 2022, 2021 and 2020
	Balance at		Charged to					Balance
	Beginning		Costs and		Net (Deductions)			at End of
(in thousands)	of Period		Expenses		Recoveries			Period
Year ended December 31, 2022
Credit loss allowance for accounts receivable	$	6,765	$	2,029	$	(1,716)	(1)	$	7,078
Deferred tax asset valuation allowance	$	865	$	—	$	125	(2)	$	990
Reserve for obsolete or slow moving inventory	$	13,236	$	4,080	$	(1,942)	(3)	$	15,374
Year ended December 31, 2021
Credit loss allowance for accounts receivable	$	4,815	$	4,019	$	(2,069)	(1)	$	6,765
Deferred tax asset valuation allowance	$	490	$	—	$	375	(2)	$	865
Reserve for obsolete or slow moving inventory	$	13,829	$	5,016	$	(5,609)	(3)	$	13,236
Year ended December 31, 2020
Credit loss allowance for accounts receivable	$	5,181	$	342	$	(708)	(1)	$	4,815
Deferred tax asset valuation allowance	$	471	$	—	$	19	(2)	$	490
Reserve for obsolete or slow moving inventory	$	10,467	$	5,826	$	(2,464)	(3)	$	13,829

(1) Net (deductions) recoveries in the credit loss allowance principally reflect the write-off of previously reserved accounts net of recoveries.

(2) The valuation allowance for deferred tax assets is increased or decreased each year to reflect the state and foreign net operating losses and capital losses that management believes will not be utilized before they expire.

(3) Net (deductions) recoveries in the reserve for obsolete or slow moving inventory principally reflect the write-off and/ or disposal of previously reserved inventory.