ServiceMagic 2013 Annual Report Download - page 133
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Table of Contents
Schedule II
IAC/INTERACTIVECORP AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
_________________________________________________________
Description
Balance at
Beginning
of Period
Charges to
Earnings Charges to
Other Accounts Deductions Balance at
End of Period
(In thousands)
2013
Allowance for doubtful accounts and revenue
reserves
$
8,775
$
12,275
(1)
$
564
$
(13,074
)
(5)
$
8,540
Magazine publishing allowance for newsstand
returns
2,313
164
(2)
45
(2,522
)
(6)
—
Sales returns accrual
1,244
19,176
—
(
19,212
)
1,208
Deferred tax valuation allowance
60,783
8,864
(3)
(7,294
)
(4)
—
62,353
Other reserves
1,925
2,518
2012
Allowance for doubtful accounts and revenue
reserves
$
7,309
$
12,237
(1)
$
654
$
(11,425
)
(5)
$
8,775
Magazine publishing allowance for newsstand
returns
—
10,426
(2)
33
(8,146
)
(6)
2,313
Sales returns accrual
1,020
17,728
—
(
17,504
)
1,244
Deferred tax valuation allowance
45,084
9,320
(7)
6,379
(8)
—
60,783
Other reserves
2,119
1,925
2011
Allowance for doubtful accounts and revenue
reserves
$
8,848
$
8,898
(1)
$
(329
)
$
(10,108
)
(5)
$
7,309
Sales returns accrual
913
16,573
—
(
16,466
)
1,020
Deferred tax valuation allowance
40,266
5,732
(9)
(914
)
(10)
—
45,084
Other reserves
1,555
2,119
(1)
Additions to the allowance for doubtful accounts are charged to expense. Additions to the revenue reserves are charged against revenue.
(2)
Additions to the magazine publishing allowance for newsstand returns are related to magazine publishing at Newsweek and are charged
against revenue. The Newsweek print business was transitioned to a digital only publication in December 2012 (and was subsequently
sold in August 2013).
(3)
Amount is primarily related to foreign and federal net operating losses, partially offset by a decrease in deferred tax assets for investments
in subsidiaries and available-for-sale securities.
(4)
Amount is primary related to the release of a valuation allowance on unrealized gains on available-for-sale securities included in
accumulated other comprehensive income
(5)
Write-
off of fully reserved accounts receivable.
(6)
Amount represents returns of magazines at Newsweek. The Newsweek print business was transitioned to a digital only publication in
December 2012 (and was subsequently sold in August 2013).
(7)
Amount is primarily related to an unbenefited other-than-temporary impairment charge related to a long-term marketable equity security,
an increase in deferred tax assets for investments in subsidiaries and an increase in federal net operating losses.
(8)
Amount is primary related to unbenefited unrealized losses on available-for-sale securities included in accumulated other comprehensive
income.