Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

PREFORMED LINE PRODUCTS COMPANY

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

Year Ended December 31, 2023, 2022 and 2021

(Thousands of dollars)

For the year ended December 31, 2023:	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	$	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
For the year ended December 31, 2021:	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	$	2,848	$	931	$	(435	)	$	(253	)	$	3,091
Reserve for credit memos		616		1,964		(1,918	)		(9	)		653
Slow-moving and obsolete inventory reserves		9,900		3,052		(2,488	)		172			10,636
Accrued product warranty		1,282		934		(553	)		(28	)		1,635
Foreign net operating loss tax carryforwards		2,912		1,935		(1,297	)		—			3,550