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Valuation and Qualifying Accounts
12 Months Ended
Aug. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts

(a)(2) Financial Statement Schedule.

Lindsay Corporation and Subsidiaries

VALUATION AND QUALIFYING ACCOUNTS

Years ended August 31, 2024, 2023, and 2022

 

 

 

 

 

Additions

 

 

 

 

 

 

(in thousands)

 

Balance at
beginning
of period

 

 

Charges to
costs and
expenses

 

 

Charged to
other
accounts

 

 

Deductions

 

Balance
at end of
period

 

Year ended August 31, 2024:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts (1)

 

$

5,048

 

 

 

694

 

 

 

 

 

 

591

 

$

5,151

 

Deferred tax asset valuation allowance (2)

 

 

491

 

 

 

 

 

 

43

 

 

 

 

 

534

 

Year ended August 31, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts (1)

 

$

4,118

 

 

 

881

 

 

 

 

 

 

(49

)

$

5,048

 

Deferred tax asset valuation allowance (2)

 

 

1,203

 

 

 

 

 

 

 

 

 

(712

)

 

491

 

Year ended August 31, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts (1)

 

$

3,422

 

 

 

903

 

 

 

 

 

 

207

 

$

4,118

 

Deferred tax asset valuation allowance (2)

 

 

1,091

 

 

 

 

 

 

112

 

 

 

 

 

1,203

 

 

(1)
Deductions consist of uncollectible items reserved, less recoveries of items previously reserved.
(2)
Additions and deductions consist of changes to deferred tax assets not expected to be realized.