Overstock.com 2009 Annual Report Download - page 153

Download and view the complete annual report

Please find page 153 of the 2009 Overstock.com 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 168

  • 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
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168

Table of Contents
Schedule II
Valuation and Qualifying Accounts
(dollars in thousands)
Balance at Beginning of Year Charged to Expense Deductions Balance at End of Year
Year ended December 31, 2007
Deferred tax valuation allowance $ 76,431 $ 11,526 $ 2,041 $ 85,916
Allowance for sales returns(2) 16,929 68,933 61,536 24,326
Allowance for doubtful accounts 2,135 1,197 855 2,477
Year ended December 31, 2008
Deferred tax valuation allowance $ 85,916 $ 527 $ — $ 86,443
Allowance for sales returns (Restated)(1) 24,326 66,522 74,615 16,233
Allowance for doubtful accounts 2,477 550 1,433 1,594
Year ended December 31, 2009
Deferred tax valuation allowance $ 86,443 $ — $ 6,198 $ 80,245
Allowance for sales returns 16,233 70,994 75,304 11,923
Allowance for doubtful accounts 1,594 265 129 1,730
The amounts herein have been restated for the adjustments described in Note 3 of Notes to the consolidated financial statements
included in Item 15(a).
For comparative purposes the 2007 beginning balance has been shown on a gross basis as disclosed in Note 3.
(1)
(2) F-55