Annual report pursuant to Section 13 and 15(d)

VALUATION AND QUALIFYING ACCOUNTS (Tables)

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VALUATION AND QUALIFYING ACCOUNTS (Tables)
12 Months Ended
Dec. 31, 2018
Valuation And Qualifying Accounts [Abstract]  
Valuation Allowance for Deferred Tax Assets

The Company’s valuation allowance for deferred tax assets for the years ended December 31, 2016, 2017 and 2018 were as follows:

 

 

 

Valuation Allowance for Deferred Taxes

 

Balance at January 1, 2016

 

$

50,636

 

Additions

 

 

483

 

Deductions

 

 

(36,595

)

Balance at December 31, 2016

 

$

14,524

 

Additions

 

 

21,347

 

Deductions

 

 

(625

)

Balance at December 31, 2017

 

$

35,246

 

Additions (1)

 

 

22,005

 

Deductions

 

 

(2,526

)

Balance at December 31, 2018

 

$

54,725

 

(1)A valuation allowance was provided against certain deferred tax assets arising from carryforwards of unused foreign tax credit benefits.