Annual report pursuant to Section 13 and 15(d)

VALUATION AND QUALIFYING ACCOUNTS

v3.8.0.1
VALUATION AND QUALIFYING ACCOUNTS
12 Months Ended
Dec. 31, 2017
Valuation And Qualifying Accounts [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS

20.

VALUATION AND QUALIFYING ACCOUNTS

The Company’s valuation allowance for deferred tax assets for the years ended December 31, 2015, 2016 and 2017 were as follows:

 

 

 

Valuation Allowance for Deferred Taxes

 

Balance at January 1, 2015

 

$

52,873

 

Additions

 

 

437

 

Deductions

 

 

(2,674

)

Balance at December 31, 2015

 

$

50,636

 

Additions

 

 

483

 

Deductions

 

 

(36,595

)

Balance at December 31, 2016

 

$

14,524

 

Additions 1

 

 

21,347

 

Deductions

 

 

(625

)

Balance at December 31, 2017

 

$

35,246

 

 

(1)

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