Neiman Marcus 2005 Annual Report Download - page 143
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SCHEDULE II
Neiman Marcus, Inc.
Valuation and Qualifying Accounts and Reserves
(in thousands)
Three years ended July 29, 2006
Column A Column B Column C Column D Column E
Additions
Description
Balance at
Beginning of
Period
Charged to
Costs and
Expenses
Charged to
Other
Accounts Deductions
Balance at
End of
Period
Forty-three weeks ended July 29, 2006 (Successor)
Allowance for doubtful accounts (deducted from
accounts receivable) $ 280 $ 100 $ — $ — $ 380
Reserve for estimated sales returns $ 47,962 $ 442,616 $ — $ (446,836)(A) $ 43,742
Nine weeks ended October 1, 2005 (Predecessor)
Allowance for doubtful accounts (deducted from
accounts receivable) $ 280 $ — $ — $ — $ 280
Reserve for estimated sales returns $ 35,170 $ 93,435 $ — $ (80,643)(A) $ 47,962
Year ended July 30, 2005 (Predecessor)(B)
Allowance for doubtful accounts (deducted from
accounts receivable) $ 9,948 $ 14,656 $ (11,116)(C) $ (13,208)(D) $ 280
Reserve for estimated sales returns $ 30,829 $ 462,895 $ — $ (458,554)(A) $ 35,170
Year ended July 31, 2004 (Predecessor) (B)
Allowance for doubtful accounts (deducted from
accounts receivable) $ 280 $ 7,609 $ 11,820(E) $ (9,761)(D) $ 9,948
Reserve for estimated sales returns $ 26,457 $ 387,916 $ — $ (383,544)(A) $ 30,829
(A) Gross margin on actual sales returns, net of commissions.
(B) Fiscal years 2005 and 2004 have been adjusted to exclude the operations of Gurwitch Products, L.L.C.
(C) Reserve eliminated in connection with the sale of our proprietary credit card receivables.
(D) Write-off of uncollectible accounts net of recoveries and other miscellaneous deductions.
(E) Reserve established in connection with the transition from Off-Balance Sheet Accounting to Financing Accounting for
borrowings under the previous revolving credit card securitization program.
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