Cabela's 2014 Annual Report Download - page 122

Download and view the complete annual report

Please find page 122 of the 2014 Cabela's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

112
CABELA’S INCORPORATED AND SUBSIDIARIES
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
(In Thousands)
Beginning
of Year
Balance
Charged to
Costs and
Expenses
Charged
to Other
Accounts Deductions
End
of Year
Balance
Year Ended December 27, 2014:
Allowance for doubtful accounts on
accounts receivable balances $ 1,208 $ 2,476 $ - $ (2,715) $ 969
Reserve for sales returns (1) 24,617 - 233,192 (231,369) 26,440
Reserve on notes receivable 4,263 - - - 4,263
Allowance for credit card loan losses 53,110 61,922 - (58,460) 56,572
Year Ended December 28, 2013:
Allowance for doubtful accounts on
accounts receivable balances $ 1,178 $ 2,871 $ - $ (2,841) $ 1,208
Reserve for sales returns (1) 21,971 - 193,176 (190,530) 24,617
Reserve on notes receivable 4,263 - - - 4,263
Allowance for credit card loan losses 65,600 43,223 - (55,713) 53,110
Year Ended December 29, 2012:
Allowance for doubtful accounts on
accounts receivable balances $ 4,772 $ 1,800 $ - $ (5,394) $ 1,178
Reserve for sales returns (1) 19,507 - 174,854 (172,390) 21,971
Reserve on notes receivable 4,263 - - - 4,263
Allowance for credit card loan losses 73,350 42,760 - (50,510) 65,600
(1) Represents the allowance for sales returns estimated at the time merchandise sales are recognized based upon
the Company’s evaluation of anticipated merchandise sales returns. These adjustments were recognized as a
reduction in merchandise sales in the Company’s consolidated statements of income.