Petsmart 2012 Annual Report Download - page 74

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A-2
SCHEDULE II
PetSmart, Inc. and Subsidiaries
Valuation and Qualifying Accounts
Description
Balance at
Beginning of
Period Charged to
Expense Deductions(1) Balance at
End of Period
(In thousands)
Valuation reserves deducted in the Consolidated Balance Sheets
from the asset to which it applies:
Merchandise inventories:
Lower of cost or market
2010 .......................................................................................... $ 12,564 $ 6,493 $ (12,243) $ 6,814
2011 .......................................................................................... $ 6,814 $ 11,927 $ (10,073) $ 8,668
2012 .......................................................................................... $ 8,668 $ 16,416 $ (15,247) $ 9,837
Shrink
2010 .......................................................................................... $ 3,867 $ 30,046 $ (30,723) $ 3,190
2011 .......................................................................................... $ 3,190 $ 30,617 $ (30,922) $ 2,885
2012 .......................................................................................... $ 2,885 $ 30,127 $ (31,012) $ 2,000
________
(1) Deductions to the lower of cost or market reserve include recoveries of inventory previously reserved as a result of sales
activity. Deductions to the shrink reserve represent adjustments to the reserve resulting from physical inventory counts and
improvements in shrink results.