Harley Davidson 2014 Annual Report Download - page 111

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111
Schedule II
HARLEY-DAVIDSON, INC.
CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS
Years ended December€31, 2014, 2013 and 2012
(In thousands)
€
2014 2013 2012
Accounts receivable – allowance for doubtful accounts
Balance, beginning of period $4,960 $4,954 $4,952
Provision charged to expense (471)245 424
Reserve adjustments (394)(136)(401)
Write-offs, net of recoveries (637)(103)(21)
Balance, end of period $3,458 $4,960 $4,954
Finance receivables – allowance for credit losses
Balance, beginning of period $110,693 $107,667 $125,449
Provision for credit losses 80,946 60,008 22,239
Charge-offs, net of recoveries (64,275)(56,982)(40,021)
Balance, end of period $127,364 $110,693 $107,667
Inventories – allowance for obsolescence(a)
Balance, beginning of period $17,463 $22,936 $23,204
Provision charged to expense 19,044 5,254 9,489
Reserve adjustments (399)(1,281)(696)
Write-offs, net of recoveries (18,333)(9,446)(9,061)
Balance, end of period $17,775 $17,463 $22,936
Deferred tax assets – valuation allowance
Balance, beginning of period $21,818 $16,314 $14,914
Adjustments 3,644 5,504 1,400
Balance, end of period $25,462 $21,818 $16,314
€
(a) Inventory obsolescence reserves deducted from cost determined on first-in first-out (FIFO) basis, before deductions for
last-in, first-out (LIFO) valuation reserves.