EX-99.2 8 exhibit99_2.htm VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

exhibit99_2.htm

Exhibit 99.2

SCHEDULE II

FRANKLIN COVEY CO.

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

For the Three Years Ended August 31, 2009

(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, 2007:
Allowance for doubtful accounts		$	979			$	207			$	(365	)(1)		$	821
Allowance for inventories			3,388				3,015				(1,702	)(2)			4,701
		$	4,367			$	3,222			$	(2,067	)		$	5,522
Year ended August 31, 2008:
Allowance for doubtful accounts		$	821			$	501			$	(256	)(1)(3)		$	1,066
Allowance for inventories			4,701				1,278				(4,202	)(2)(4)			1,777
		$	5,522			$	1,779			$	(4,458	)		$	2,843
Year ended August 31, 2009:
Allowance for doubtful accounts		$	1,066			$	81			$	(268	)(1)		$	879
Allowance for inventories			1,777				1,621				(2,544	)(2)			854
		$	2,843			$	1,702			$	(2,812	)		$	1,733

(1) Represents a write-off of accounts deemed uncollectible

(2) Reduction in the allowance is due to a write-off of obsolete inventories

(3) Includes $23 of the allowance for doubtful accounts that was sold with the Consumer Solutions Business Unit assets

(4) Includes $3,058 of inventory reserves that were sold with the Consumer Solutions Business Unit assets