Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 148

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 148
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 under trade accounts receivable sale program purchase agreements that is contractually required to be set aside until the cash is remitted to the purchaser.(d) Allowance for Doubtful AccountsAccounts receivable are recorded net of allowances for amounts not expected to be collected. In estimating the allowance, management considers a specific customer’s financial condition, payment history, current conditions, and various information or disclosures by the customer or other publicly available information. Accounts receivable are charged against the allowance after all reasonable efforts to collect the full amount (including litigation, where appropriate) have been exhausted. The following table summarizes the activity of the Company’s allowance for doubtful accounts: 

          (in thousands)
           
          Balance as ofthe Beginningof the Year

          Charges toOperations

          Deductions

          Balance as ofthe Endof the Year

          Year ended December 31, 2024:

          Allowance for doubtful accounts (1)
           
          $
          470

          $
          671

          $
          (900
          )
           
          $
          241

          Year ended December 31, 2023:

          Allowance for doubtful accounts (1)

          514

          1,321

          (1,365
          )

          470

          Year ended December 31, 2022:

          Allowance for doubtful accounts (1)

          788

          489

          (763
          )

          514

         (1)Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible.

48

(e) InventoriesInventories are stated at the lower of cost (first-in, first-out method) and net realizable value. Costs included in inventories consist of materials, labor and overhead. The carrying amounts of inventories are adjusted for excess and obsolete inventory. Evaluation of excess inventory includes considering factors such as anticipated usage, inventory turnover, inventory levels and product demand levels. Evaluation for obsolete inventory includes considering factors such as the age of on-hand inventory, reduction in value due to damage and design changes. The Company also takes into consideration whether customer agreements specify for the customer to pay for such inventory.(f) Property, Plant and EquipmentProperty, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, which include 5 to 40 years for buildings and building improvements, 2 to 15 years for machinery