Toro 2015 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2015 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.

Page out of 86

  • 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

(2) Portions of this exhibit have been redacted and are subject to an order grant-
101 The following financial information from The Toro Company’s
ing confidential treatment under the Securities Exchange Act of 1934, as
Annual Report on Form 10-K for the fiscal year ended October 31, amended (File No. 001-08649, CF # 28545). The redacted material was filed
2015, filed with the SEC on December 23, 2015, formatted in separately with the Securities and Exchange Commission.
eXtensible Business Reporting Language (XBRL): (i) Consolidated * Management contract or compensatory plan or arrangement required to be
Statements of Earnings for each of the fiscal years in the filed as an exhibit to this Annual Report on Form 10-K pursuant to Item 15(b)
three-year period ended October 31, 2015, (ii) Consolidated of Regulation S-K.
Statements of Comprehensive Income for each of the fiscal years ** All exhibits and schedules to this exhibit have been omitted pursuant to
in the three-year period ended October 31, 2015, (iii) Consolidated Item 601(b)(2) of Regulation S-K. Toro will furnish the omitted exhibits and
Balance Sheets as of October 31, 2015 and 2014, schedules to the Securities and Exchange Commission upon request by the
Securities and Exchange Commission.
(iv) Consolidated Statements of Cash Flows for each of the fiscal
years in the three-year period ended October 31, 2015,
(b) Exhibits
(v) Consolidated Statements of Stockholders’ Equity each of the
fiscal years in the three-year period ended October 31, 2015, and See Item 15(a)(3) above.
(vi) Notes to Consolidated Financial Statements (filed herewith).
(1) Portions of this exhibit have been redacted and are subject to an order grant- (c) Financial Statement Schedules
ing confidential treatment under the Securities Exchange Act of 1934, as See Item 15(a)(2) above.
amended (File No. 001-08649, CF #31557). The redacted material was filed
separately with the Securities and Exchange Commission.
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
Deductions
2
the fiscal year
Fiscal year ended October 31, 2015
Allowance for doubtful accounts and notes receivable reserves $1,481 $350 $ 453 $1,378
Fiscal year ended October 31, 2014
Allowance for doubtful accounts and notes receivable reserves 3,425 (79) 1,865 1,481
Fiscal year ended October 31, 2013
Allowance for doubtful accounts and notes receivable reserves 3,733 123 431 3,425
1
Provision/(recovery).
2
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, 2015
Accrued advertising and marketing programs $66,169 $318,211 $307,691 $76,689
Fiscal year ended October 31, 2014
Accrued advertising and marketing programs 64,191 306,650 304,672 66,169
Fiscal year ended October 31, 2013
Accrued advertising and marketing programs 56,264 287,217 279,290 64,191
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.
75