Cabela's 2008 Annual Report Download - page 104

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99
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 27, 2008:
Allowance for doubtful accounts $ 1,851 $(1,295) $ - $ (1,295) $ 556
Allowance for credit card receivable loan losses 1,197 1,260 (950) 310 1,507
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
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 27, 2008.