Petsmart 2014 Annual Report Download - page 112
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Table of Contents
SCHEDULE II
PetSmart, Inc. and Subsidiaries
Valuation and Qualifying Accounts
Description
Balance at
Beginning of Period
Charged to
Expense
Deductions
(1)
Balance at End
of Period
(In thousands)
Valuation reserves deducted in the Consolidated Balance
Sheets from the assets to which they apply:
Merchandise inventories:
Lower of cost or market
2011 $ 6,814 $ 11,927 $ (10,073) $ 8,668
2012 $ 8,668 $ 16,416 $ (15,247) $ 9,837
2013 $ 9,837 $ 16,027 $ (15,155) $ 10,709
Shrink
2011 $ 3,190 $ 30,617 $ (30,922) $ 2,885
2012 $ 2,885 $ 30,127 $ (31,012) $ 2,000
2013 $ 2,000 $ 28,374 $ (28,368) $ 2,006
________
(1) Deductions to the lower of cost or market reserve include recoveries of inventory previously reserved as a result of sales
activity. Deductions to the shrink reserve represent adjustments to the reserve resulting from physical inventory counts
and improvements in shrink results.
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