LIFETIME BRANDS INC
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
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Item 15A. SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
| COL. A | COL. B | COL. C | COL. D | COL. E |
|---|---|---|---|---|
| Description | Balance atbeginningof period | Additions | Deductions | Balance atend ofperiod |
| Accounts receivable allowances: | ||||
| Allowance for doubtful accounts(a) | $7,311 | $950 | $(69) | $8,192 |
| Allowance for anticipated customer deductions(b) | 8,641 | 3,837 | (6,577) | 5,901 |
| Total accounts receivable allowances: | $15,952 | $4,787 | $(6,646) | $14,093 |
| Allowance for doubtful accounts(a) | $5,195 | $2,116 | $— | $7,311 |
| Allowance for anticipated customer deductions(b) | 9,411 | 6,900 | (7,670) | 8,641 |
| Total accounts receivable allowances: | $14,606 | $9,016 | $(7,670) | $15,952 |
| Allowance for doubtful accounts(a) | $4,656 | $662 | $(123) | $5,195 |
| Allowance for anticipated customer deductions(b) | 11,888 | 5,961 | (8,438) | 9,411 |
| Total accounts receivable allowances: | $16,544 | $6,623 | $(8,561) | $14,606 |
| Deferred tax valuation allowance: | ||||
| Year ended December 31, 2024 | $20,159 | $2,516 | $(983) | $21,692 |
| Year ended December 31, 2023 | $16,323 | $3,895 | $(59) | $20,159 |
| Year ended December 31, 2022 | $15,072 | $1,932 | $(681) | $16,323 |
(a)The allowance for doubtful accounts represents allowances for estimated credit losses that could result from the inability of its customers to make required payments, taking into consideration customer credit history and financial condition, industry and market segment information, credit reports, and expectations of current and future economic conditions. Additions to the allowance for doubtful accounts are recognized in selling, general and administrative expense in the Company’s consolidated statement of operations. Deductions to the allowance for doubtful accounts represents receivables previously reserved that have been written-off, less any recoveries.
(b)Additions to the allowance for anticipated customer deductions is recognized as a reduction of net sales. Deductions to the allowance for anticipated customer deductions includes deductions that were ultimately taken by the customer.
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