SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2013

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS (in thousands)

DECEMBER 31, 2013, 2012 AND 2011

Description	Balance at beginning of year		Additions (reductions) charged (credited) to expense			Deductions(1)			Balance at End of Year
2013:
Reserve for bad debts	$	1,462	$	16		$	80		$	1,398
Reserve for cash discounts	680		9,725			9,761			644
Deferred tax asset valuation	2,040		(1,083		)	—			957
	$	4,182	$	8,658		$	9,841		$	2,999
2012:
Reserve for bad debts	$	998	$	511		$	47		$	1,462
Reserve for cash discounts	733		9,959			10,012			680
Deferred tax asset valuation	2,190		(150		)	—			2,040
	$	3,921	$	10,320		$	10,059		$	4,182
2011:
Reserve for bad debts	$	1,121	$	(186	)	$	(63	)	$	998
Reserve for cash discounts	410		10,007			9,684			733
Deferred tax asset valuation	686		1,504			—			2,190
	$	2,217	$	11,325		$	9,621		$	3,921

(1)               Deductions against reserve for bad debts consist of accounts receivable written off net of recoveries and exchange rate movements. Deductions against reserve for cash discounts consist of allowances to customers.