| Consolidated Valuation and Qualifying Accounts |
CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS Years ended December 31, 2025, 2024 and 2023 (In thousands) | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | Accounts receivable - Allowance for doubtful accounts | | | | | | | Balance, beginning of period | $ | 3,354 | | | $ | 2,082 | | | $ | 2,887 | | | Provision charged to expense | 3,245 | | | 1,548 | | | 46 | | | Reserve adjustments | 211 | | | (96) | | | 54 | | | Write-offs, net of recoveries | (1,049) | | | (180) | | | (905) | | | Balance, end of period | $ | 5,761 | | | $ | 3,354 | | | $ | 2,082 | | | Finance receivables - Allowance for credit losses | | | | | | | Balance, beginning of period | $ | 401,183 | | | $ | 381,966 | | | $ | 358,711 | | | Provision for credit losses | (191,392) | | | 247,225 | | | 227,158 | | | Charge-offs, net of recoveries | (132,009) | | | (228,008) | | | (203,903) | | Sale of residual interests in securitizations | (75,547) | | | — | | | — | | | Balance, end of period | $ | 2,235 | | | $ | 401,183 | | | $ | 381,966 | | Inventories - Allowance for obsolescence(a) | | | | | | | Balance, beginning of period | $ | 84,628 | | | $ | 110,246 | | | $ | 84,587 | | | Provision charged to expense | 7,352 | | | 19,138 | | | 45,093 | | | Reserve adjustments | 1,374 | | | (608) | | | 519 | | | Write-offs, net of recoveries | (23,525) | | | (44,148) | | | (19,953) | | | Balance, end of period | $ | 69,829 | | | $ | 84,628 | | | $ | 110,246 | | | Deferred tax assets - Valuation allowance | | | | | | | Balance, beginning of period | $ | 59,313 | | | $ | 48,516 | | | $ | 40,878 | | | Adjustments | 35,267 | | | 10,797 | | | 7,638 | | | Balance, end of period | $ | 94,580 | | | $ | 59,313 | | | $ | 48,516 | |
(a)Inventory obsolescence reserves deducted from cost determined on first-in, first-out (FIFO) basis, before deductions for last-in, first-out (LIFO) valuation reserves.
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