Pitney Bowes 2008 Annual Report Download - page 108
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89
PITNEY BOWES INC.
SCHEDULE II - VALUATION AND QUALIFYING
ACCOUNTS AND RESERVES
FOR THE YEARS ENDED DECEMBER 31, 2006 TO 2008
(Dollars in thousands)
Balance at Balance at
Description beginning of year Additions Deductions end of year
Allowance for doubtful accounts
2008 $ 49,324 $ 17,134 (1) $ (21,194) (2) $ 45,264
2007 $ 50,052 $ 19,880 (1) $ (20,608) (2) $ 49,324
2006 $ 46,261 $ 27,718 (1) $ (23,927) (2) $ 50,052
Allowance for credit losses on finance receivables
2008 $ 78,371 $ 51,736 $ (58,317) (2) $ 71,790
2007 $ 82,499 $ 44,440 $ (48,568) (2) $ 78,371
2006 $ 128,862 $ 39,432 $ (85,795) (2) $ 82,499
Valuation allowance for deferred tax asset (3)
2008 $ 69,792 $ 15,584 $ (16,329) $ 69,047
2007 $ 33,563 $ 64,487 $ (28,258) $ 69,792
2006 $ 21,777 $ 13,583 $ (1,797) $ 33,563
(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) Included in Consolidated Balance Sheet as a liability.