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Allowance Accounts
 12 Months Ended
Dec. 31, 2013
Allowance Accounts [Abstract]  
Allowance Accounts

Note 15 — Allowance Accounts

 

The following table sets forth the activity in our valuation accounts for each of the three years in the period ended December 31, 2013 (in thousands):

 

 

 

 

 

 

 

 

 

 

Allowance

 

Deferred

 

 

 

for

 

Tax Asset

 

 

 

Uncollectible

 

Valuation

 

 

 

Accounts

 

Allowance

 

 

 

 

 

 

 

Balance at December 31, 2010

$
4,460 

$
8,497 

 

Additions (1)

 
61 

 
5,813 

 

Deductions

 
(521)

 

 -

 

Balance at December 31, 2011

 
4,000 

 
14,310 

 

Additions (2)

 
1,257 

 
2,081 

 

Deductions

 
(105)

 

 -

 

Balance at December 31, 2012

 
5,152 

 
16,391 

 

Additions (3)

 
2,236 

 
6,469 

 

Deductions (4)

 
(5,154)

 

 -

 

Balance at December 31, 2013

$
2,234 

$
22,860 

 

 

(1) The increase in valuation allowance includes  $4.9 million related to our former WOSEA operations and $0.9 million to our oil and gas operations in the United Kingdom.

 

(2)  The increase in valuation allowance includes $2.0 million related to our former WOSEA operations and $0.1 million to our oil and gas operations in the United Kingdom.  WOSEA has a full valuation allowance against its deferred tax asset balance.

 

(3) The increase in valuation allowance includes $6.5 million related to our former WOSEA operations.  WOSEA has a full valuation allowance against its deferred tax asset balance.

 

(4)  The decrease primarily reflects the reversal of a  $4 million  allowance against our trade receivables for work performed offshore India in 2007 as we collected the previously adjusted receivable balance pursuant to a settlement agreement (Note 13).

 

See Note 2 for a detailed discussion regarding our accounting policy on accounts receivable and allowance for uncollectible accounts and Note 8 for a detailed discussion of the valuation allowance related to our deferred tax assets.