Cabela's 2007 Annual Report Download - page 89

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83
CABELA’S INCORPORATED AND SUBSIDIARIES
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
(In Thousands)
Beginning
of Year
Balance
Charged to
Costs and
Expenses
Charged
to Other
Accounts
Net
Charge-
Offs
End
of Year
Balance
YEAR ENDED DECEMBER 29, 2007:
Allowance for doubtful accounts ................... $1,932 $ (81) $ — $ (81) $1,851
Allowance for credit card receivable loan losses ....... 699 1,748 (1,250) 498 1,197
YEAR ENDED DECEMBER 30, 2006:
Allowance for doubtful accounts ................... 1,404 527 1 528 1,932
Allowance for credit card receivable loan losses ....... 536 664 (501) 163 699
YEAR ENDED DECEMBER 31, 2005:
Allowance for doubtful accounts ................... 1,483 (79) — (79) 1,404
Allowance for credit card receivable loan losses ....... 65 720 (249) 471 536
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act
of 1934 (the “Exchange Act”)) designed to ensure that information required to be disclosed in reports filed under the
Exchange Act is recorded, processed, summarized, and reported within specified time periods. Disclosure controls
and procedures include, without limitation, controls and procedures designed to ensure that information required to
be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated
to management, including our Chief Executive Officer and Chief Financial Officer, or persons performing similar
functions, as appropriate to allow timely decisions regarding required disclosure.
In connection with this annual report on Form 10-K, our Chief Executive Officer and Chief Financial Officer
evaluated, with the participation of our management, the effectiveness of our disclosure controls and procedures as
of the end of the period covered by this report. Based on management’s evaluation, our Chief Executive Officer and
Chief Financial Officer each concluded that our disclosure controls and procedures were effective as of December
29, 2007.
Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial
reporting for the Company. Internal control over financial reporting is a process to provide reasonable assurance
regarding the reliability of our financial reporting for external purposes in accordance with accounting principles
generally accepted in the United States of America.
With the participation of our Chief Executive Officer and our Chief Financial Officer, management evaluated
the effectiveness of our internal control over financial reporting as of December 29, 2007, based on the criteria
established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission. Based on this evaluation, management concluded that our internal control over financial
reporting was effective as of December 29, 2007.