CarMax 2011 Annual Report Download - page 91

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81
Schedule II
CARMAX, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
(In thousands )
Allowance for doubtful accounts (1):
Year ended February 28, 2009 4,571$ 3,419$ (3,553)$ 4,437$
Year ended February 28, 2010 4,437$ 2,169$ (2,637)$ 3,969$
Year ended February 28, 2011 (2) 2,872$ 2,836$ (2,274)$ 3,434$
Allowance for loan losses (3):
Year ended February 28, 2011 $ 58,628 $ 27,749 $ (47,523) $ 38,854
Balance at
Beginning of
Fiscal Year
Charged to
Income
Charge-offs
Less
Recoveries
Balance at
End of
Fiscal Year
(1) Certain prior year amounts have been adjusted to conform to the current year’s presentation with no net effect on the
consolidated financial statements.
(2) Balance at beginning of fiscal year reflects the impact of adopting ASU Nos. 2009-16 and 2009-17 effective March 1, 2010.
See 2(E) for additional information.
(3) See Notes 2(E) and 2(H) for additional information on the auto loan receivables and the allowance for loan losses.