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SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS | 12 Months Ended
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Jun. 30, 2019
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS |
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | SCHEDULE II K12 INC. VALUATION AND QUALIFYING ACCOUNTS Years Ending June 30, 2019, 2018 and 2017 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, 2019 |  | $ | 12,384,279 |  | 6,325,188 |  | 6,943,598 |  | $ | 11,765,869
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
2. INVENTORY RESERVES
|  | Balance at |  | Charged to |  | Deductions, |  |  |
|  | Beginning |  | Cost and |  | Shrinkage and |  | Balance at
|  | of Period |  | Expenses |  | Obsolescence |  | End of Period
June 30, 2019 |  | $ | 3,491,655 |  | 1,359,595 |  | 719,864 |  | $ | 4,131,386
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
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, 2019 |  | $ | 899,654 |  | 383,770 |  | 495,194 |  | $ | 788,230
June 30, 2018 |  | $ | 819,042 |  | 550,142 |  | 469,530 |  | $ | 899,654
June 30, 2017 |  | $ | 573,444 |  | 595,876 |  | 350,278 |  | $ | 819,042
| (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 2019, 2018 and 2017, 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, 2019 |  | $ | 4,458,517 |  | 90,383 |  | — |  | $ | 4,548,900
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

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690 + Details
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