Saks Fifth Avenue 2010 Annual Report Download - page 94

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SAKS INCORPORATED & SUBSIDIARIES
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
Year Ended
(Dollars In Thousands)
January 29,
2011
January 30,
2010
January 31,
2009
Allowance for sales returns, net:
Balance at Beginning of Year ................................ $ 3,905 $ 4,238 $ 7,255
Charged to Costs and Expenses ............................... 775,092 765,534 946,230
Deductions (A) ............................................ (774,895) (765,867) (949,247)
Balance at End of Year .......................................... $ 4,102 $ 3,905 $ 4,238
(A) Deductions consist of actual returns net of related costs and commissions
Year Ended
January 29,
2011
January 30,
2010
January 31,
2009
Valuation allowance for deferred tax assets:
Balance at beginning of year ..................................... $42,810 $42,190 $ 63,837
Charged (credited) to income ................................. (2,228) 3,045 6,110
Increase (decrease) to reserve ................................. (10,501) (2,425) (27,757)
Balance at end of year ........................................... $30,081 $42,810 $ 42,190
F-44