ServiceMagic 2014 Annual Report Download - page 131
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Table of Contents
Schedule II
IAC/INTERACTIVECORP AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
_________________________________________________________
104
Description
Balance at
Beginning
of Period
Charges to
Earnings Charges to
Other Accounts Deductions Balance at
End of Period
(In thousands)
2014
Allowance for doubtful accounts and revenue
reserves
$
8,540
$
15,226
(1)
$
(116
)
$
(11,213
)
(4)
$
12,437
Sales returns accrual
1,208
19,743
—
(
19,832
)
1,119
Deferred tax valuation allowance
62,353
34,133
(2)
1,864
(3)
—
98,350
Other reserves
2,518
2,204
2013
Allowance for doubtful accounts and revenue
reserves
$
8,775
$
12,275
(1)
$
564
$
(13,074
)
(4)
$
8,540
Magazine publishing allowance for newsstand returns
2,313
164
(5)
45
(2,522
)
(6)
—
Sales returns accrual
1,244
19,176
—
(
19,212
)
1,208
Deferred tax valuation allowance
60,783
8,864
(7)
(7,294
)
(8)
—
62,353
Other reserves
1,925
2,518
2012
Allowance for doubtful accounts and revenue
reserves
$
7,309
$
12,237
(1)
$
654
$
(11,425
)
(4)
$
8,775
Magazine publishing allowance for newsstand returns
—
10,426
(5)
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
(9)
6,379
(3)
—
60,783
Other reserves
2,119
1,925
(1)
Additions to the allowance for doubtful accounts are charged to expense. Additions to the revenue reserves are charged against revenue.
(2)
Amount is primarily related to other-than-temporary impairment charges for certain cost method investments and an increase in federal net
operating losses, foreign tax credits, and state tax credits.
(3)
Amount is primarily related to unbenefited unrealized losses on available-for-
sale marketable equity securities included in accumulated other
comprehensive income.
(4)
Write-
off of fully reserved accounts receivable.
(5)
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).
(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 foreign and federal net operating losses, partially offset by a decrease in deferred tax assets for investments in
subsidiaries and available-for-sale securities.
(8)
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.