Ingram Micro Holding Corp
For the period ended Dec 28, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
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Schedule II – Valuation and Qualifying Accounts
(In 000s)
| Description | Beginning Balance | Charged toCosts andExpenses | Deductions | Other(*) | Ending Balance |
|---|---|---|---|---|---|
| Allowance for doubtful accounts: | |||||
| Fiscal Year 2024 | $163,727 | $30,534 | $(49,714) | $2,452 | $146,999 |
| Fiscal Year 2023 | $140,328 | $58,197 | $(31,591) | $(3,207) | $163,727 |
| Fiscal Year 2022 | $143,311 | $26,804 | $(27,706) | $(2,081) | $140,328 |
| Allowance for sales returns(**): | |||||
| Fiscal Year 2024 | $18,916 | $186,646 | $(189,015) | $(308) | $16,239 |
| Fiscal Year 2023 | $23,424 | $272,933 | $(276,046) | $(1,395) | $18,916 |
| Fiscal Year 2022 | $20,753 | $274,860 | $(271,547) | $(642) | $23,424 |
(*) “Other” includes recoveries, acquisitions, and the effect of fluctuations in foreign currencies.
(**) The allowance for sales returns liability is shown net of the estimated product returns recorded within inventory, both of which are presented gross on the Consolidated Balance Sheets.
For Fiscal Year 2023 and Fiscal Year 2022, as it relates to the Allowance for sales returns activity, we did not properly present the changes in the account activity for the Charged to Costs and Expenses, Deductions and Other amounts. For Fiscal Year 2023, the amounts related to Charged to Costs and Expenses, Deductions, and Other were previously $6,106, $(11,073) and $459, respectively, and were corrected to $272,933, $(276,046) and$(1,395), respectively. For Fiscal Year 2022, the amounts related to Charged to Costs and Expenses, Deductions and Other were previously $52,407, $(50,117) and $381, respectively, and were corrected to $274,860, $(271,547) and$(642), respectively. The corrected amounts did not result in a change to the Allowance for sales returns balance for Fiscal Year 2023 or Fiscal Year 2022 and accordingly, management concluded the impact of the correction was not material to the previously issued financial statements or the schedule of valuation and qualifying accounts.
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