Valuation and Qualifying Accounts

12 Months Ended

Jun. 30, 2023

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

Valuation and Qualifying Accounts

Matrix Service Company

Schedule II—Valuation and Qualifying Accounts

June 30, 2023, June 30, 2022, and June 30, 2021

(In thousands)

COL. A	COL. B		COL. C ADDITIONS				COL. D			COL. E
	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts—Describe		Deductions—Describe			Balance at End of Period
Fiscal Year 2023
Deducted from asset accounts:
Allowance for doubtful accounts	$	1,320	$	(88)	$	—	$	(171)	(A)	$	1,061
Valuation reserve for deferred tax assets	28,615		12,595		—		(150)		(B)	41,060
Total	$	29,935	$	12,507	$	—	$	(321)		$	42,121
Fiscal Year 2022
Deducted from asset accounts:
Allowance for doubtful accounts	$	898	$	738	$	—	$	(316)	(C)	$	1,320
Valuation reserve for deferred tax assets	11,104		17,943		—		(432)		(B)	28,615
Total	$	12,002	$	18,681	$	—	$	(748)		$	29,935
Fiscal Year 2021
Deducted from asset accounts:
Allowance for doubtful accounts	$	905	$	85	$	—	$	(92)	(D)	$	898
Valuation reserve for deferred tax assets	7,763		2,797		—		544		(E)	11,104
Total	$	8,668	$	2,882	$	—	$	452		$	12,002

(A)Relates to various write-offs and cash receipts of previously reserved accounts from prior periods.

(B)Relates to foreign currency translation for the portion of the valuation allowance on net operating loss and tax credit carryforwards in foreign jurisdictions.

(C)Relates to the write off of a $0.3 million account receivable that was fully reserved in a prior period.

(D)Primarily relates to a $0.1 million reserve that was recognized as a credit loss and ultimately written off within fiscal 2021.

(E)Relates to $1.1 million of foreign currency translation for the portion of the valuation allowance on net operating loss and tax credit carryforwards in foreign jurisdictions, partially offset by $0.6 million of fully reserved tax credits that expired in fiscal 2021.