XML 43 R30.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Consolidated Valuation And Qualifying Accounts CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS
Years ended December 31, 2020, 2019 and 2018
(In thousands)
202020192018
Accounts receivable - Allowance for doubtful accounts
Balance, beginning of period$4,928 $4,007 $4,091 
Provision charged to expense853 1,569 731 
Reserve adjustments88 7 (137)
Write-offs, net of recoveries(2,127)(655)(678)
Balance, end of period$3,742 $4,928 $4,007 
Finance receivables - Allowance for credit losses
Balance, beginning of period$198,581 $189,885 $192,471 
Cumulative effect of change in accounting(a)
100,604 — — 
Provision for credit losses181,870 134,536 106,870 
Charge-offs, net of recoveries(90,119)(125,840)(109,456)
Balance, end of period$390,936 $198,581 $189,885 
Inventories - Allowance for obsolescence(b)
Balance, beginning of period$49,349 $39,015 $38,669 
Provision charged to expense43,357 24,984 25,722 
Reserve adjustments718 (39)(332)
Write-offs, net of recoveries(21,429)(14,611)(25,044)
Balance, end of period$71,995 $49,349 $39,015 
Deferred tax assets - Valuation allowance
Balance, beginning of period$29,024 $21,868 $21,561 
Adjustments9,048 7,156 307 
Balance, end of period$38,072 $29,024 $21,868 
(a)On January 1, 2020, the Company adopted Accounting Standards Update No. 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and increased the allowance for loan loss through Retained Earnings, net of income taxes, to establish an allowance that represents expected lifetime credit losses on the finance receivable portfolios at date of adoption.
(b)Inventory obsolescence reserves deducted from cost determined on first-in, first-out (FIFO) basis, before deductions for last-in, first-out (LIFO) valuation reserves.