Nautilus 2012 Annual Report Download - page 45

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Table of Contents
The following table summarizes liabilities for exit costs related to discontinued operations, included in "Accrued liabilities" and "Other long-
term liabilities" in the Company's consolidated balance sheets (in thousands):
(3) TRADE RECEIVABLES
Changes in the Company's allowance for doubtful trade receivables in the years ended December 31, 2012 , 2011 and 2010 were as follows (in
thousands):
Writeoffs, net of recoveries, in 2010 primarily consisted of uncollectible trade receivables of the Company's former Commercial business.
(4) INVENTORIES
Inventories, net, as of December 31, 2012 and 2011 consisted of the following (in thousands):
Valuation allowances, primarily related to excess parts inventories, as of December 31, 2012 and 2011 were as follows (in thousands):
39
Severance
and Benefits Lease
Obligations Total
Liabilities
Balance as of December 31, 2010
476
2,160
2,636
Accruals
175
217
392
Payments
(476
)
(448
)
(924
)
Balance as of December 31, 2011
175
1,929
2,104
Accruals
—
(
390
)
(390
)
Payments
(175
)
(421
)
(596
)
Balance as of December 31, 2012
$
—
$
1,118
$
1,118
2012
2011 2010
Balance, January 1
$
300
$
301
$
4,160
Charges to (reversals of) bad debt expense
(13
)
156
486
Writeoffs, net of recoveries
(194
)
(157
)
(4,345
)
Balance, December 31
$
93
$
300
$
301
December 31,
2012 2011
Finished goods
$
17,148
$
9,832
Parts and components
1,639
1,769
Total inventories
$
18,787
$
11,601
December 31,
2012 2011
Inventory valuation allowances
$
1,011
$
1,037