Lumber Liquidators 2015 Annual Report Download - page 97

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Lumber Liquidators Holdings, Inc.
Schedule II — Analysis of Valuation and Qualifying Accounts
For the Years Ended December 31, 2015, 2014 and 2013
(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, 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
For the Year Ended December 31, 2015
Reserve deducted from assets to which it applies
Inventory reserve for loss or obsolescence . . . $3,242 $28,897
(3)
$(5,257) $— $26,882
Income tax valuation allowance .......... $2,223 $ 210 $ — $— $ 2,433
(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.
(3) Includes $22,499 for laminate flooring sourced from China and $3,663 related to the tile exit.
87