Annual report pursuant to Section 13 and 15(d)

Schedule II - Valuation and Qualifying Accounts

v3.24.1.1.u2
Schedule II - Valuation and Qualifying Accounts
12 Months Ended
Mar. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts

GRAHAM CORPORATION AND SUBSIDIARIES

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

(In Thousands)

 

 

 

Balance at

 

 

Charged to

 

 

Charged to

 

 

 

 

 

Balance at

 

 

 

Beginning

 

 

Costs and

 

 

Other

 

 

 

 

 

End of

 

Description

 

of Period

 

 

Expenses

 

 

Accounts

 

 

Deductions

 

 

Period

 

Year ended March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserves deducted from the asset to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserve for doubtful accounts receivable

 

$

1,841

 

 

$

587

 

 

$

 

 

$

(2,349

)

 

$

79

 

Product warranty liability

 

$

578

 

 

$

410

 

 

$

 

 

$

(182

)

 

$

806

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserves deducted from the asset to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserve for doubtful accounts receivable

 

$

87

 

 

$

1,765

 

 

$

 

 

$

(11

)

 

$

1,841

 

Reserves included in the balance sheet caption "accrued
   expenses"

 

$

760

 

 

$

 

 

$

 

 

$

(760

)

 

$

 

Product warranty liability

 

$

441

 

 

$

364

 

 

$

 

 

$

(227

)

 

$

578

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserves deducted from the asset to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserve for doubtful accounts receivable

 

$

29

 

 

$

163

 

 

$

21

 

 

$

(126

)

 

$

87

 

Reserves included in the balance sheet caption "accrued
   expenses"

 

$

 

 

$

1,073

 

 

$

 

 

$

(313

)

 

$

760

 

Product warranty liability

 

$

626

 

 

$

386

 

 

$

169

 

 

$

(740

)

 

$

441

 

 

Amounts under the column labeled "Charged to Other Accounts" above represent amounts acquired in the BN acquisition.