Audiovox 2003 Annual Report Download - page 151
Download and view the complete annual report
Please find page 151 of the 2003 Audiovox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159
 |
 |
Signature Title Date
−−−−−−−−−
/s/Peter A. Lesser Director February 24, 2004
−−−−−−−−−−−−−−−−−−−
Peter A. Lesser
150
SCHEDULE II
AUDIOVOX CORPORATION AND SUBSIDIARIES
Valuation and Qualifying Accounts
Years Ended November 30, 2001, 2002 and 2003
(In thousands)
Column A Column B Column C Column D Column E
−−−−−−−− −−−−−−−−− −−−−−−−−−−−−−−−−−−−−−−−−− −−−−−−−−−−− −−−−−−−−
Gross
Amount Reversals of
Balance at Charged to Previously Balance
Beginning Costs and Established At End
Description Of Year Expenses Accruals Deductions (a) Of Year
−−−−−−−−−−− −−−−−−−− −−−−−−−− −−−−−−−− −−−−−−−−−−−−−− −−−−−−−−
2001(b)
Allowance for doubtful accounts $ 6,297 $ 1,936 −− $ 3,518 $ 4,715
Cash discount allowances 195 2,630 −− 2,643 182
Accrued sales incentives 14,594 25,469 $(14,369) 17,220 8,474
Allowance for cellular
deactivations 1,254 3,382 −− 2,601 2,035
Reserve for warranties and
product
repair costs 12,374 11,319 −− 10,627 13,066
−−−−−−−− −−−−−−−− −−−−−−−− −−−−−−−− −−−−−−−−
$ 34,714 $ 44,736 $(14,369) $ 36,609 $ 28,472
======== ======== ======== ======== ========
2002
Allowance for doubtful accounts $ 4,715 $ 4,884 −− $ 2,770 $ 6,829
Cash discount allowances 182 2,858 −− 2,833 207
Accrued sales incentives 8,474 38,851 $ (4,716) 30,458 12,151
Allowance for cellular
deactivations 2,035 2,308 −− 2,715 1,628
Reserve for warranties and
product
repair costs 13,066 6,985 −− 4,641 15,410
−−−−−−−− −−−−−−−− −−−−−−−− −−−−−−−− −−−−−−−−
$ 28,472 $ 55,886 $ (4,716) $ 43,417 $ 36,225
======== ======== ======== ======== ========
2003
Allowance for doubtful accounts $ 6,829 $ 566 −− $ 448 $ 6,947
Cash discount allowances 207 5,007 −− 4,014 1,200
Accrued sales incentives 12,151 41,321 $ (2,940) 28,638 21,894
Allowance for cellular
deactivations 1,628 3,780 −− 4,281 1,127
Reserve for warranties and
product
repair costs 15,410 12,015 −− 8,913 18,512
−−−−−−−− −−−−−−−− −−−−−−−− −−−−−−−− −−−−−−−−
$ 36,225 $ 62,689 $ (2,940) $ 46,294 $ 49,680
======== ======== ======== ======== ========
(a) For the allowance for doubtful accounts, cash discount allowances and
accrued sales incentives, deductions represent currency effects and
payments made or credits issued to customers. For the allowance for
cellular deactivations, deductions represent credits taken against accounts
receivable by carrier customers for deactivations of previously activated
wireless customers. For the reserve for warranties and product repair
costs, deductions represent payments for labor and parts made to service
centers and vendors for the repair of units returned under warranty.
(b) See Note (2) of Notes to Consolidated Financial Statements.
151