XML 54 R40.htm IDEA: XBRL DOCUMENT

Allowance Accounts (Tables)

12 Months Ended

Dec. 31, 2023

Credit Loss [Abstract]

Schedule of activities in allowance for credit losses and deferred tax assets

The following table sets forth the activity in our valuation accounts for each of the three years in the period ended December 31, 2023 (in thousands):


		Allowance for			Deferred Tax Asset
		Credit Losses			Valuation Allowance
Balance at December 31, 2020		$	3,469		$	19,722
Additions (reductions) ⁽¹⁾			(146)			—
Write-offs ⁽²⁾			(1,846)			—
Adjustments ⁽³⁾			—			(5,675)
Balance at December 31, 2021			1,477			14,047
Additions (reductions) ⁽¹⁾			800			—
Adjustments ⁽⁴⁾			—			8,110
Balance at December 31, 2022			2,277			22,157
Additions (reductions) ^{(1) (5)}			1,149			51,354
Write-offs ⁽²⁾			(19)			—
Adjustments ⁽⁴⁾			—			7,604
Balance at December 31, 2023		$	3,407		$	81,115

(1)	The additions (reductions) in allowance for credit losses relate to reserves (releases) for expected credit losses during the respective years.

(2)	The write-offs of allowance for credit losses reflect certain receivables related to our Robotics segment that were previously reserved and subsequently deemed to be uncollectible.

(3)	The decrease in valuation allowance primarily relates to the valuation allowance release for certain of our U.K. operations.

(4)	The increase in valuation allowance relates to current year activity, including adjustments to prior year returns, and the related change in unrealized net deferred tax assets.

(5)	The addition in valuation allowance relates to the adjustment for a change in assessment on the realizability of our Luxembourg net operating losses from remote to less likely than not.