Cabela's 2013 Annual Report Download - page 122

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112
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 Deductions
End of
Year
Balance
Year Ended December 28, 2013:
Allowance for doubtful accounts on
accounts receivable balances $ 1,178 $ 2,871 $ - $ (2,841) $ 1,208
Reserve for sales returns 21,971 - 2,646 (1) - 24,617
Reserve on notes receivable 4,263 - - - 4,263
Allowance for credit card loan losses 65,600 43,223 - (55,713) 53,110
Year Ended December 29, 2012:
Allowance for doubtful accounts on
accounts receivable balances (2) $ 4,772 $ 1,800 $ - $ (5,394) $ 1,178
Reserve for sales returns 19,507 - 2,464 (1) - 21,971
Reserve on notes receivable 4,263 - - - 4,263
Allowance for credit card loan losses 73,350 42,760 - (50,510) 65,600
Year Ended December 31, 2011:
Allowance for doubtful accounts on
accounts receivable balances (2) $ 3,416 $ 7,728 $ - $ (6,372) $ 4,772
Reserve for sales returns 21,808 - (2,301) (1) - 19,507
Reserve on notes receivable 3,604 659 - - 4,263
Allowance for credit card loan losses 90,900 39,287 - (56,837) 73,350
(1) Represents the net increase (decrease) in the reserve based upon the Company’s evaluation of anticipated
merchandise sales returns. These adjustments were recognized in merchandise sales in the Company’s
consolidated statements of income.
(2) The Company has recast the prior period presentation of the allowance for doubtful accounts on accounts
receivable balances to conform with current period presentation. Prior period charges and deductions were
presented net in “Charged to Costs and Expenses” in the amount of $(3,594) and $1,356 for 2012 and 2011,
respectively.