DIXIE GROUP INC
For the period ended Dec 28, 2024. Filed Apr 8, 2025.
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FY2024 · Filed Apr 8, 2025
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Schedule II - Valuation and Qualifying Accounts
Item 15(a)(2)
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
(dollars in thousands)
| Description · Balance at Beginning of Year · Additions - Charged to Costs and Expenses · Additions - Charged to Other Account - Describe · Deductions - Describe · Balance at End of Year | |||||||
|---|---|---|---|---|---|---|---|
| Year ended December 28, 2024: | |||||||
| Reserves deducted from asset accounts: | |||||||
| Allowance for expected credit losses | $440 | $194 | $— | $180 | (1) | $454 | |
| Reserves classified as liabilities: | |||||||
| Provision for claims, allowances and warranties | $3,478 | $8,023 | $— | $7,772 | (2) | $3,729 | |
| Year ended December 30, 2023: | |||||||
| Reserves deducted from asset accounts: | |||||||
| Allowance for expected credit losses | $111 | $31 | $388 | (3) | $90 | (1) | $440 |
| Reserves classified as liabilities: | |||||||
| Provision for claims, allowances and warranties | $3,383 | $8,256 | $— | $8,161 | (2) | $3,478 | |
(1)Uncollectible accounts written off, net of recoveries. The Allowance for Expected Credit Losses is included in Receivables, net on the Consolidated Balance Sheet. See Note 4 - Receivables, Net for further information.
(2)Net reserve reductions for claims, allowances and warranties settled. The provision for claims, allowances and warranties is included in Accrued Expenses under Current Liabilities on the Consolidated Balance Sheet and included, along with the accrual of rebates, within the Provision for customer rebates, claims and allowances in Note 7 - Accrued Expenses.
(3)The Company adopted the new standard , ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, on January 1, 2023 using a modified retrospective transition approach, with the cumulative impact being $388 for continuing operations.
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