Adobe 2002 Annual Report Download - page 142

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111
ADOBE SYSTEMS INCORPORATED
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
(In thousands)
Valuation and Qualifying Accounts which are Deducted in the
Balance Sheet from the Assets to which They Apply
Balance
at
Beginning
of Period
Charged/
Credited
to
Operating
Expenses Deductions*
Balance at
End of
Period
Allowance for doubtful accounts:
Year Ended:
November 29, 2002 .................................... $ 8,54
9
$ 357 $ (1,375) $ 7,531
November 30, 2001 .................................... $ 8,78
8
$ (115) $ (12
4
) $ 8,54
9
December 1, 2000....................................... $ 5,17
0
$ 7,140 $ (3,52
2
) $ 8,788
______________
* Deductions related to the allowance for doubtful accounts represent amounts written off against
the allowance.
In fiscal 2002, the increase in deductions in fiscal 2002 as compared to fiscal 2001 was primarily due
to the write-off of receivables from three insolvent royalty customers.
In fiscal 2001, the decreased charge to operating expenses in fiscal 2001 as compared to the charge in
fiscal 2000 reflects the results of enhanced global credit evaluation, on-going risk mitigation efforts (such
as letters of credit, guarantees, and credit insurance) in Asia, and improved collections of our
royalty accounts.
In fiscal 2000, the charge to operating expenses related primarily to two separate bankruptcy filings,
one involving a U.S. and the other a European distributor; an insolvent royalty customer; and higher
potential bad debt expense as a result of higher accounts receivable balances at the end of fiscal 2000. The
deductions represent amounts written off against the allowance.