XML 45 R23.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Jun. 30, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS
APPLIED INDUSTRIAL TECHNOLOGIES, INC. & SUBSIDIARIES
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
YEARS ENDED JUNE 30, 2024, 2023, AND 2022
(in thousands)
COLUMN ACOLUMN BCOLUMN C COLUMN D COLUMN E
DESCRIPTIONBalance at Beginning of Period(Deductions) Additions Charged to Cost and Expenses (Deductions) Additions Charged to Other Accounts Deductions from Reserve Balance at End of Period
Year Ended June 30, 2024       
Reserve deducted from assets to which it applies —
Accounts receivable:
Allowance for doubtful accounts$22,334 $(205)$— $9,066 (B)$13,063 
Returns reserve12,635 — (1,820)(A)— 10,815 
$34,969 $(205)$(1,820)$9,066 $23,878 
Year Ended June 30, 2023       
Reserve deducted from assets to which it applies —
Accounts receivable:
Allowance for doubtful accounts$17,522 $5,619 $— $807 (B)$22,334 
Returns reserve10,522 — 2,113 (A)— 12,635 
$28,044 $5,619 $2,113 $807 $34,969 
Year Ended June 30, 2022       
Reserve deducted from assets to which it applies —
Accounts receivable:
Allowance for doubtful accounts$16,455 $3,193 $— $2,126 (B)$17,522 
Returns reserve9,772 — 750 (A)— 10,522 
$26,227 $3,193 $750 $2,126 $28,044 
(A)Amounts in the years ending June 30, 2024, 2023 and 2022 represent reserves recorded for the return of merchandise by customers. The Company adopted ASC 606 - Revenue from Contracts with Customers effective July 1, 2018 which requires the Company's sales returns reserve to be established at the gross sales value with an asset established for the value of the expected product to be returned.
(B)Amounts represent uncollectible accounts charged off.