Saks Fifth Avenue 2008 Annual Report Download - page 102

SAKS INCORPORATED & SUBSIDIARIES
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
Year Ended
(Dollars In Thousands)
January 31,
2009
February 2,
2008
February 3,
2007
Allowance for sales returns, net:
Balance at Beginning of Year ............................... $ 7,255 $ 6,848 $ 8,645
Charged to Costs and Expenses ............................. 946,230 961,593 1,003,822
Reserve related to sold Proffitt’s and Parisian businesses ......... — — (1,155)
Reserve related to sold NDSG business ....................... — — (2,335)
Deductions (A) .......................................... (949,247) (961,186) (1,002,129)
Balance at End of Year ........................................ $ 4,238 $ 7,255 $ 6,848
(A) Deductions consist of actual returns net of related costs and commissions.
Year Ended
(Dollars In Thousands)
January 31,
2009
February 2,
2008
February 3,
2007
Valuation Allowance in Deferred Tax Assets
Balance at Beginning of Year ............................... $63,837 $47,592 $47,104
Charged (Credited) to Income ............................... 6,110 (2,957) (1,465)
Charged (Credited) to Shareholders’ Equity .................... — 19,258 —
Increase (Decrease) to Reserve .............................. (27,757) (56) 1,953
Balance at End of Year ........................................ $42,190 $63,837 $47,592
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