SCHEDULE II

Exhibit 99.3

FRANKLIN COVEY CO.

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

For the Three Years Ended August 31, 2002 for Continuing Operations

(Dollars in Thousands)

Column A Column B Column C Column D Column E

    Additions

Description Balance at
Beginning of
Period Charged to Costs
and Expenses Deductions Balance at End
of Period

Year ended August 31, 2000:

Allowance for doubtful accounts $    3,897 $    1,855 $   (2,606)¹ $    3,146

Year ended August 31, 2001:

Allowance for doubtful accounts $    3,146 $    2,255 $   (3,602)¹ $    1,799

Reserve for losses on management stock loans       1,052       1,052

$    3,146 $    3,307 $   (3,602) $    2,851

Year ended August 31, 2002:

Allowance for doubtful accounts $    1,799 $    1,680 $   (1,677)¹ $    1,802

Reserve for losses on management stock loans       1,052     24,775     25,827

$    2,851 $  26,455 $   (1,677) $  27,629

¹ Represents a write-off of accounts deemed uncollectible