Rosetta Stone 2015 Annual Report Download - page 101
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Table of Contents
Revenue by Product and Service
The Company earns revenue from the sale of language-learning, literacy and brain fitness products and services. The information below summarizes
revenue by type for the years ended December 31, 2015, 2014 and 2013, respectively (in thousands):
Language learning
$ 191,568
$ 249,340
$ 263,426
Literacy
21,928
9,912
1,219
Brain Fitness
4,174
2,601
—
Total
$ 217,670
$ 261,853
$ 264,645
As of December 31, 2015 and 2014, the Company had outstanding receivables from employees in the amount of $18,000 and $67,000, respectively.
The following table includes the Company's valuation and qualifying accounts for the respective periods (in thousands):
Allowance for doubtful accounts:
Beginning balance
$ 1,434
$ 1,000
$ 1,297
Charged to costs and expenses
1,657
2,405
1,420
Deductions—accounts written off
(1,895)
(1,971)
(1,717)
Ending balance
$ 1,196
$ 1,434
$ 1,000
Promotional rebate and coop advertising reserves:
Beginning balance
$ 23,437
$ 13,025
$ 9,127
Charged to costs and expenses
40,563
39,249
22,881
Deductions - reserves utilized
(47,090)
(28,837)
(18,983)
Ending balance
$ 16,910
$ 23,437
$ 13,025
Sales return reserve:
Beginning balance
$ 3,570
$ 4,834
$ 5,883
Charged against revenue
11,474
12,011
14,258
Deductions—reserves utilized
(11,316)
(13,275)
(15,307)
Ending balance
$ 3,728
$ 3,570
4,834
Deferred income tax asset valuation allowance:
Beginning balance
$ 53,809
33,866
29,671
Charged to costs and expenses
16,655
19,943
9,566
Deductions
—
—
(5,371)
Ending balance
$ 70,464
$ 53,809
$ 33,866
F-45