COMTECH TELECOMMUNICATIONS CORP DE
For the period ended Jul 31, 2024. Filed Oct 30, 2024.
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FY2024 · Filed Oct 30, 2024
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Schedule II – Valuation and Qualifying Accounts and Reserves
Schedule II
Valuation and Qualifying Accounts and Reserves
| Column A · Column B · Column C Additions · Column D · Column E | ||||||
|---|---|---|---|---|---|---|
| Description · Balance atbeginning ofperiod · Charged tocost andexpenses · Transfers(deductions)- describe · Balance atend ofperiod | ||||||
| Allowance for doubtful accounts receivable: | ||||||
| Year ended July 31, | ||||||
| 2024 | $2,089,000 | 1,422,000 | (A) | (1,579,000) | (B) | $1,932,000 |
| 2023 | 2,337,000 | 261,000 | (A) | (509,000) | (B) | 2,089,000 |
| 2022 | 1,648,000 | 838,000 | (A) | (149,000) | (B) | 2,337,000 |
| Inventory reserves: | ||||||
| Year ended July 31, | ||||||
| 2024 | $24,659,000 | 2,801,000 | (C) | (9,189,000) | (D) | $18,271,000 |
| 2023 | 23,121,000 | 4,871,000 | (C) | (3,333,000) | (D) | 24,659,000 |
| 2022 | 20,229,000 | 4,447,000 | (C) | (1,555,000) | (D) | 23,121,000 |
| Valuation allowance for deferred tax assets: | ||||||
| Year ended July 31, | ||||||
| 2024 | $34,478,000 | 12,343,000 | (E) | (1,933,000) | (E) | $44,888,000 |
| 2023 | 31,227,000 | 4,617,000 | (E) | (1,366,000) | (E) | 34,478,000 |
| 2022 | 28,384,000 | 2,947,000 | (E) | (104,000) | (E) | 31,227,000 |
(A)Provision for doubtful accounts.
(B)Write-off of uncollectible receivables and allowance for doubtful account receivables relating to the PST Divestiture.
(C)Provision for excess and obsolete inventory.
(D)Write-off of inventory and PST inventory reserve relating to the PST Divestiture.
(E)Change in valuation allowance. See Note (10) - "Income Taxes" for further discussion.
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