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Valuation And Qualifying Accounts
12 Months Ended
Aug. 31, 2013
Valuation And Qualifying Accounts [Abstract]  
Valuation And Qualifying Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a(2) Exhibit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lindsay Corporation and Subsidiaries

VALUATION AND QUALIFYING ACCOUNTS

Years ended August 31, 2013, 2012 and 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additions

 

 

 

 

 

 

(in thousands)

 

Balance at beginning of period

 

Charges to costs and expenses

 

Charged to other accounts

 

Deductions

 

Balance at end of period

Year ended August 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Allowance for doubtful accounts (a)

 

$

1,717 

 

$

1,543 

 

$

 -

 

$

407 

 

$

2,853 

    Allowance for inventory obsolescence (b)

 

$

1,648 

 

$

2,632 

 

$

71 

 

$

1,262 

 

$

3,089 

Year ended August 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Allowance for doubtful accounts (a)

 

$

2,340 

 

$

379 

 

$

 -

 

$

1,002 

 

$

1,717 

    Allowance for inventory obsolescence (b)

 

$

2,167 

 

$

1,114 

 

$

(126)

 

$

1,507 

 

$

1,648 

Year ended August 31, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Allowance for doubtful accounts (a)

 

$

2,244 

 

$

388 

 

$

 -

 

$

292 

 

$

2,340 

    Allowance for inventory obsolescence (b)

 

$

2,045 

 

$

426 

 

$

(2)

 

$

302 

 

$

2,167 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)  Deductions consist of uncollectible items written off, less recoveries of items previously written off.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b)  Deductions consist of obsolete items sold or scrapped.