Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2012

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

GRAY TELEVISION, INC.

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

(in thousands)

Col. A	Col. B		Col. C					Col. D			Col. E
			Additions
Description	Balance at Beginning of Period		(1) Charged to Costs and Expenses			(2) Charged to Other Accounts		Deductions (a)			Balance at End of Period
Year Ended December 31, 2012:
Allowance for doubtful accounts	$	2,314		140		$	-	$	(390	)	$	2,064
Valuation allowance for deferred tax assets	$	4,620	$	4		$	-	$	(1,467	)	$	3,157
Year Ended December 31, 2011:
Allowance for doubtful accounts	$	1,051	$	1,853		$	-	$	(590	)	$	2,314
Valuation allowance for deferred tax assets	$	4,871	$	198		$	-	$	(449	)	$	4,620
Year Ended December 31, 2010:
Allowance for doubtful accounts	$	1,092	$	746		$	-	$	(787	)	$	1,051
Valuation allowance for deferred tax assets	$	6,462	$	(922	)	$	-	$	(669	)	$	4,871

(a)  Deductions from allowance for doubtful accounts represent write-offs of receivable balances not considered collectible.  In 2012, the deduction from the valuation allowance for deferred tax assets represents changes in estimates of our future taxable income and our estimated future usage of certain net operating loss carryforwards as well as expiration of certain net operating loss carryforwards.  In 2011, the deduction from the valuation allowance for deferred tax assets represents changes in estimates of our future taxable income and our estimated future usage of certain net operating loss carryforwards. In 2010, the deduction from the valuation allowance for deferred tax assets included deductions for the reversal of a state tax valuation allowance due to changes in our filing structure.