EX-99.2 8 exhibit99_2.htm SCHEDULE 2 exhibit99_2.htm
 
Exhibit 99.2
 
 
 
 
SCHEDULE II
 
FRANKLIN COVEY CO.

 
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
For the Three Years Ended August 31, 2007
(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
    
Charged to Other Accounts
    
Deductions
    
Balance at End of Period
  
                               
Year ended August 31, 2005:
                              
Allowance for doubtful accounts
   $
1,034
     $
1,287
     $
-
     $ (896 )(1)   $
1,425
  
Allowances for inventories
    
5,073
      
4,669
      
-
       (4,418 )(2)    
5,324
  
    $
6,107
     $
5,956
     $
-
     $ (5,314 )   $
6,749
  
                                         
Year ended August 31, 2006:
                                        
Allowance for doubtful accounts
   $
1,425
     $
365
     $ 564 (3)   $ (1,375 )(1)   $
979
  
Allowance for inventories
    
5,324
      
989
      
-
       (2,990 )(2)    
3,323
  
    $
6,749
     $
1,354
     $
564
     $ (4,365 )   $
4,302
  
                                         
Year ended August 31, 2007:
                                        
Allowance for doubtful accounts
   $
979
     $
207
     $
-
     $ (365 )(1)   $
821
  
Allowance for inventories
    
3,323
      
2,631
      
-
       (1,702 )(2)    
4,252
  
    $
4,302
     $
2,838
     $
-
     $ (2,067 )   $
5,073
  
                                         
(1) Represents a write-off of accounts deemed uncollectible
(2) Reduction in the allowance is due to a write-off of obsolete inventories
(3) Amount was charged against balances recorded in accrued liabilities