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82
PITNEY BOWES INC.
SCHEDULE II - VALUATION AND QUALIFYING
ACCOUNTS AND RESERVES
FOR THE YEARS ENDED DECEMBER 31, 2005 TO 2007
(Dollars in thousands)
Description
Balance at
Beginning of year
Additions
Deductions
Balance at
end of year
Allowance for doubtful accounts
2007 ......................
$ 50,052 $ 19,880
(1) $ (20,608) (2) $ 49,324
2006 ...................... $ 46,261 $ 27,718
(1) $ (23,927) (2) $ 50,052
2005 ...................... $ 50,254 $ 8,707
(1) $ (12,700) (2) $ 46,261
Allowance for credit losses on finance receivables
2007 ......................
$ 82,499 $ 44,440 $ (48,568) (2) $ 78,371
2006 ...................... $ 128,862 $ 39,432 $ (85,795) (2) $ 82,499
2005 ...................... $ 173,032 $ 51,566 $ (95,736) (2) $ 128,862
(3)
Valuation allowance for deferred tax asset (4)
2007 ......................
$ 33,563 $ 64,487 $ (28,258) $ 69,792
2006 ...................... $ 21,777 $ 13,583 $ (1,797) $ 33,563
2005 ...................... $ 18,427 $ 7,641 $ (4,291) $ 21,777
(1) Includes additions charged to expenses, additions from acquisitions and impact of foreign exchange translation.
(2) Includes uncollectible accounts written off and amounts included in divestitures.
(3) Includes $41,104 related to the Imagistics lease portfolio and Capital Services, which were sold in 2006.
(4) Included in Consolidated Balance Sheet as a liability.