Matrix Service Company Schedule II—Valuation and Qualifying Accounts June 30, 2025, June 30, 2024, and June 30, 2023 (In thousands)
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ADDITIONS | | COL. D | | | COL. E | | | | Balance at
Beginning of
Period | | Charged to
Costs and
Expenses | | Charged to Other Accounts—Describe | | Deductions—Describe | | | Balance at
End of
Period | | Fiscal Year 2025 | | | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | | | Allowance for credit losses | | $ | 201 | | | $ | 51 | | | $ | — | | | $ | — | | | | $ | 252 | | | Valuation allowance for deferred tax assets | | 49,434 | | | 6,472 | | | 67 | | | — | | (B) | | 55,973 | | | Total | | $ | 49,635 | | | $ | 6,523 | | | $ | 67 | | | $ | — | | | | $ | 56,225 | | | Fiscal Year 2024 | | | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | | | Allowance for credit losses | | $ | 1,061 | | | $ | 3 | | | $ | — | | | $ | (863) | | (A) | | $ | 201 | | | Valuation allowance for deferred tax assets | | 41,060 | | | 8,542 | | | — | | | (168) | | (B) | | 49,434 | | | Total | | $ | 42,121 | | | $ | 8,545 | | | $ | — | | | $ | (1,031) | | | | $ | 49,635 | | | Fiscal Year 2023 | | | | | | | | | | | | | Deducted from asset accounts: | | | | | | | | | | | | | Allowance for credit losses | | $ | 1,320 | | | $ | (88) | | | $ | — | | | $ | (171) | | (A) | | $ | 1,061 | | | Valuation allowance for deferred tax assets | | 28,615 | | | 12,595 | | | — | | | (150) | | (B) | | 41,060 | | | Total | | $ | 29,935 | | | $ | 12,507 | | | $ | — | | | $ | (321) | | | | $ | 42,121 | |
(A)Relates to various write-offs and cash receipts of previously reserved accounts from prior periods. (B)Relates to foreign currency translation for the portion of the valuation allowance on net operating loss and tax credit carryforwards in foreign jurisdictions.
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