Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

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
			(1)		(2)
	Balance at		Charged to		Charged to					Balance at
	Beginning		Costs and		Other		Deductions			End of
Description	of Period		Expenses		Accounts (a)		(b)			Period
Year Ended December 31, 2016:
Allowance for doubtful accounts	$	1,794	$	1,917	$	167	$	(715	)	$	3,163
Valuation allowance for deferred tax assets	$	1,683	$	-	$	-	$	(151	)	$	1,532
Year Ended December 31, 2015:
Allowance for doubtful accounts	$	1,667	$	606	$	-	$	(479	)	$	1,794
Valuation allowance for deferred tax assets	$	2,052	$	-	$	-	$	(369	)	$	1,683
Year Ended December 31, 2014:
Allowance for doubtful accounts	$	730	$	1,356	$	290	$	(709	)	$	1,667
Valuation allowance for deferred tax assets	$	2,748	$	3	$	-	$	(699	)	$	2,052

(a) In 2016 and  2014, the change in the allowance for doubtful accounts represents the fair value of balances assumed in acquisition transactions. See Note 2 “Acquisitions and Dispositions” for further information.

(b) Deductions from allowance for doubtful accounts represent write-offs of receivable balances not considered collectible. 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.