Lumber Liquidators 2014 Annual Report Download - page 78
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Lumber Liquidators Holdings, Inc.
Schedule II — Analysis of Valuation and Qualifying Accounts
For the Years Ended December 31, 2014, 2013 and 2012
(in thousands)
Balance
Beginning of
Year
Additions
Charged to
Cost and
Expenses Deductions
(1)
Other
Balance End
of Year
For the Year Ended December 31, 2012:
Reserve deducted from assets to which it applies
Inventory reserve for loss or obsolescence..... $ 500 $2,150 $(1,615) $— $1,035
Income tax valuation allowance ........... $ — $1,267 $ — $— $1,267
For the Year Ended December 31, 2013:
Reserve deducted from assets to which it applies
Inventory reserve for loss or obsolescence .... $1,035 $1,465 $(1,225) $— $1,275
Income tax valuation allowance ........... $1,267 $ 498 $ — $— $1,765
For the Year Ended December 31, 2014:
Reserve deducted from assets to which it applies
Inventory reserve for loss or obsolescence .... $1,275 $3,198
(2)
$(1,231) $— $3,242
Income tax valuation allowance ........... $1,765 $ 458 $ — $— $2,223
(1) Deductions are for the purposes for which the reserve was created.
(2) Addition of $1,200 for reserves related to the Company’s Bellawood transition.
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