DECKERS OUTDOOR CORP
For the period ended Mar 31, 2025. Filed May 23, 2025.
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FY2025 · Filed May 23, 2025
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Schedule II - Total Valuation and Qualifying Accounts
Schedule II
TOTAL VALUATION AND QUALIFYING ACCOUNTS
(dollar amounts in thousands)
Allowances for doubtful accounts, sales discounts, and chargebacks against gross trade accounts receivable related to wholesale channel sales recorded in the consolidated balance sheets, are as follows:
| Years Ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Allowance for doubtful accounts (1) | |||
| Beginning balance | $(9,109) | $(10,576) | $(9,044) |
| Additions | (4,869) | (658) | (1,983) |
| Deductions | 444 | 2,125 | 451 |
| Ending balance | $(13,534) | $(9,109) | $(10,576) |
| Allowance for sales discounts (2) | |||
| Beginning balance | $(3,840) | $(5,656) | $(2,831) |
| Additions | (19,028) | (17,060) | (19,745) |
| Deductions | 21,502 | 18,876 | 16,920 |
| Ending balance | $(1,366) | $(3,840) | $(5,656) |
| Allowance for chargebacks (3) | |||
| Beginning balance | $(14,382) | $(16,272) | $(18,716) |
| Additions | (31,701) | (28,845) | (27,400) |
| Deductions | 28,100 | 30,735 | 29,844 |
| Ending balance | $(17,983) | $(14,382) | $(16,272) |
| Total | $(32,883) | $(27,331) | $(32,504) |
(1) The additions to the allowance for doubtful accounts represent estimates of the Company’s bad debt expense or recovery based on the factors on which the Company evaluates the collectability of its accounts receivable, with actual recoveries netted into additions. Deductions are for the actual amounts written off against outstanding trade accounts receivable.
(2) The additions to the allowance for sales discounts represent estimates of discounts to be taken by the Company’s customers based on the amount of outstanding discounts for meeting shipment or prompt payments terms. Deductions are for the actual discounts taken by the Company’s customers against outstanding trade accounts receivable.
(3)The additions to the allowance for chargebacks represent chargebacks and markdowns taken in the respective year, as well as an estimate of amounts that will be taken in the future related to sales in the current reporting period. Deductions are for the actual amounts written off against outstanding trade accounts receivable.
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