SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

Garmin Ltd. and Subsidiaries

(In thousands)

	Balance at		Charged to		Charged to			Balance at
	Beginning of		Costs and		Other			End of
Description	Period		Expenses		Accounts	Deductions		Period
Year Ended December 28, 2013:
Deducted from asset accounts
Allowance for doubtful accounts	$	20,582	$	1,553	-	$	(1,768)	$	20,367
Inventory reserve		26,105		20,891	-		(18,615)		28,381
Deferred tax asset valuation allowance		51,393		19,480	-		(7,512)		63,361
Total	$	98,080	$	41,924	-	$	(27,895)	$	112,109

Year Ended December 29, 2012:
Deducted from asset accounts
Allowance for doubtful accounts ⁽²⁾	$	20,291	$	2,947	-	$	(2,656)	$	20,582
Inventory reserve		29,370		11,003	-		(14,268)		26,105
Deferred tax asset valuation allowance		37,173		14,595	-		(375)		51,393
Total	$	86,834	$	28,545	-	$	(17,299)	$	98,080

Year Ended December 31, 2011:
Deducted from asset accounts
Allowance for doubtful accounts ⁽²⁾	$	23,222	$	1,698	-	$	(4,629)	$	20,291
Inventory reserve		37,720		16,047	-		(24,397)		29,370
Deferred tax asset valuation allowance ⁽¹⁾		51,352		7,902	-		(22,081)		37,173
Total	$	112,294	$	25,647	-	$	(51,107)	$	86,834

⁽¹⁾ Note that $14,994 of the decrease in the deferred tax asset valuation is due to reducing the amount of Taiwan surtax credits to the correct amount available for use in future years, all such credits of which are and have been fully reserved.

⁽²⁾ The allowance for doubtful accounts line has been restated from prior year. A component of the change was to exclude consignment sales activity from 2012 and 2011.