Annual report pursuant to Section 13 and 15(d)

Schedule II - Valuation and Qualifying Accounts

v3.20.4
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts
Schedule II - Valuation and Qualifying Accounts    


  Balance at Beginning of Year Additions Charged to Statement of Income Accounts
Other (1)
Deductions Balance at End of Year
(in thousands)
Allowance for credit losses on accounts receivable
Year ended December 31, 2020 396  1,767  (2) —  670  1,493 
Year ended December 31, 2019 79  244  148  75  396 
Valuation allowance for deferred tax assets
Year ended December 31, 2020 1,165  6,761  (3) —  —  7,926 
Year ended December 31, 2019 107  1,165  —  107  1,165 
(1) Represents opening allowance balance related to acquisition made during the period indicated.
(2) Increase in 2020 primarily due to allowances booked as a result of the financial impact from the COVID-19 pandemic.
(3) Increase in 2020 primarily due to full valuation allowance established against capital loss DTA in connection with the Prime Turbines stock sale and full valuation allowance against foreign tax loss DTA.