Saks Fifth Avenue 2009 Annual Report Download - page 103

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Table of Contents
SAKS INCORPORATED & SUBSIDIARIES
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
Year Ended
(Dollars In Thousands)
January 30,
2010
January 31,
2009
February 2,
2008
Allowance for sales returns, net:
Balance at Beginning of Year $ 4,238 $ 7,255 $ 6,848
Charged to Costs and Expenses 765,534 946,230 961,593
Deductions (A) (765,867) (949,247) (961,186)
Balance at End of Year $ 3,905 $ 4,238 $ 7,255
(A) Deductions consist of actual returns net of related costs and commissions
Year Ended
(Dollars In Thousands)
January 30,
2010
January 31,
2009
February 2,
2008
Valuation Allowance in Deferred Tax Assets
Balance at Beginning of Year $ 42,190 $ 63,837 $ 47,592
Charged (Credited) to Income 3,045 6,110 (2,957)
Charged (Credited) to Shareholders' Equity — — 19,258
Increase (Decrease) to Reserve (2,425) (27,757) (56)
Balance at End of Year $ 42,810 $ 42,190 $ 63,837
F-47
Source: SAKS INC, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠