SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jun. 30, 2020

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

K12 INC.

VALUATION AND QUALIFYING ACCOUNTS

Years Ending June 30, 2020, 2019 and 2018

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, 2020	$	11,765,869	2,882,067	7,840,262	$	6,807,674
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

2. INVENTORY RESERVES


	Balance at		Charged to	Deductions,
	Beginning		Cost and	Shrinkage and	Balance at
	of Period		Expenses	Obsolescence	End of Period
June 30, 2020	$	4,131,386	877,357	191,443	$	4,817,300
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

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, 2020	$	788,230	835,488	812,036	$	811,682
June 30, 2019	$	899,654	383,770	495,194	$	788,230
June 30, 2018	$	819,042	550,142	469,530	$	899,654

(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 2020, 2019 and 2018, 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, 2020	$	4,548,900	441,868	—	$	4,990,768
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