Toro 2012 Annual Report Download - page 77
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Please find page 77 of the 2012 Toro 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.SCHEDULE II
THE TORO COMPANY AND SUBSIDIARIES
Valuation and Qualifying Accounts
Balance as of Charged to Balance as of
the beginning costs and the end of
(Dollars in thousands) of the fiscal year expenses
1
Other
2
Deductions
3
the fiscal year
Fiscal year ended October 31, 2012
Allowance for doubtful accounts and notes receivable reserves $2,040 $2,160 $12 $ 479 $3,733
Fiscal year ended October 31, 2011
Allowance for doubtful accounts and notes receivable reserves 3,904 6 55 1,925 2,040
Fiscal year ended October 31, 2010
Allowance for doubtful accounts and notes receivable reserves 4,151 666 70 983 3,904
1
Provision/(recovery).
2
Addition, net due to acquisitions and divestitures.
3
Uncollectible accounts charged off.
Balance as of Charged to Balance as of
the beginning costs and the end of
(Dollars in thousands) of the fiscal year expenses
1
Deductions
2
the fiscal year
Fiscal year ended October 31, 2012
Accrued advertising and marketing programs $47,161 $214,474 $205,371 $56,264
Fiscal year ended October 31, 2011
Accrued advertising and marketing programs 43,095 190,021 185,955 47,161
Fiscal year ended October 31, 2010
Accrued advertising and marketing programs 45,298 191,799 194,002 43,095
1
Provision consists of rebates, cooperative advertising, floor planning costs, commissions, and other promotional program expenses. The expense of each program is classified
either as a reduction of net sales or as a component of selling, general, and administrative expense.
2
Claims paid.
71