ADVANCE AUTO PARTS INC
For the period ended Dec 28, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Schedule II - Valuation and Qualifying Accounts
Advance Auto Parts, Inc.
Schedule II - Valuation and Qualifying Accounts
(in thousands)
| Allowance for credit losses | Balance at Beginning of Period | Charges to Expenses | Deductions | Balance at End of Period |
|---|---|---|---|---|
| December 31, 2022 | $6,874 | $16,967 | $(10,938) | $12,903 |
| December 30, 2023 | $12,903 | $20,345 | $(9,632) | $23,616 |
| December 28, 2024 | $23,616 | $107,032 | $(72,856) | $57,792 |
For the year ended December 28, 2024, the allowance for credit losses increased $34.2 million, primarily due to incremental reserves established as a result of the 2024 Restructuring Plan. Refer to Note 6. Receivables, net, of the Notes to the Consolidated Financial Statements included herein.
Other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report.
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