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SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS | 12 Months Ended
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Jun. 30, 2018
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS |
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | SCHEDULE II K12 INC. VALUATION AND QUALIFYING ACCOUNTS Years Ending June 30, 2018, 2017 and 2016 1. ALLOWANCE FOR DOUBTFUL ACCOUNTS
|  |  |  |  | Additions |  |  |  |  |
|  | Balance at |  | Charged to |  | Deductions |  |  |
|  | Beginning |  | Cost and |  | from |  | Balance at
|  | of Period |  | Expenses |  | Allowance |  | End of Period
June 30, 2018 |  | $ | 14,791,171 |  | 4,088,592 |  | 6,495,484 |  | $ | 12,384,279
June 30, 2017 |  | $ | 10,813,394 |  | 4,512,899 |  | 535,122 |  | $ | 14,791,171
June 30, 2016 |  | $ | 9,657,092 |  | 4,609,720 |  | 3,453,418 |  | $ | 10,813,394
2. INVENTORY RESERVES
|  | Balance at |  | Charged to |  | Deductions, |  |  |
|  | Beginning |  | Cost and |  | Shrinkage and |  | Balance at
|  | of Period |  | Expenses |  | Obsolescence |  | End of Period
June 30, 2018 |  | $ | 2,310,309 |  | 1,314,225 |  | 132,879 |  | $ | 3,491,655
June 30, 2017 |  | $ | 2,642,547 |  | 475,218 |  | 807,456 |  | $ | 2,310,309
June 30, 2016 |  | $ | 2,192,234 |  | 691,407 |  | 241,094 |  | $ | 2,642,547
3. COMPUTER RESERVE (1)
|  |  |  |  | Additions |  |  |  |  |
|  | Balance at |  | Charged to |  | Deductions, |  |  |
|  | Beginning |  | Cost and |  | Shrinkage and |  | Balance at
|  | of Period |  | Expenses |  | Obsolescence |  | End of Period
June 30, 2018 |  | $ | 819,042 |  | 550,142 |  | 469,530 |  | $ | 899,654
June 30, 2017 |  | $ | 573,444 |  | 595,876 |  | 350,278 |  | $ | 819,042
June 30, 2016 |  | $ | 1,032,253 |  | 89,064 |  | 547,873 |  | $ | 573,444
| (1) |  | A reserve account is maintained against potential obsolescence of, and damage beyond economic repair to, computers provided to the Company’s students. The reserve is calculated based upon several factors including historical percentages, the net book value and the remaining useful life. During fiscal years 2018, 2017 and 2016, certain computers were written off against the reserve.
4. INCOME TAX VALUATION ALLOWANCE
|  |  |  |  | Additions to |  | Deductions in |  |  |
|  | Balance at |  | Net Deferred |  | Net Deferred |  |  |
|  | Beginning |  | Tax Asset |  | Tax Asset |  | Balance at
|  | of Period |  | Allowance |  | Allowance |  | End of Period
June 30, 2018 |  | $ | 7,152,860 |  | 22,388 |  | 2,716,731 |  | $ | 4,458,517
June 30, 2017 |  | $ | 4,338,653 |  | 3,296,617 |  | 482,410 |  | $ | 7,152,860
June 30, 2016 |  | $ | 2,791,033 |  | 1,594,174 |  | 46,554 |  | $ | 4,338,653

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- Definition The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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- References No definition available. + Details
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