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Valuation And Qualifying Accounts
12 Months Ended
Aug. 31, 2016
Valuation And Qualifying Accounts [Abstract]  
Valuation And Qualifying Accounts



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)(2) Exhibit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lindsay Corporation and Subsidiaries

VALUATION AND QUALIFYING ACCOUNTS

Years ended August 31, 2016, 2015, and 2014



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

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, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Allowance for doubtful accounts (1)

 

$

9,706 

 

$

800 

 

$

 —

 

$

2,194 

 

$

8,312 

     Allowance for inventory obsolescence (2)

 

 

4,405 

 

 

1,262 

 

 

(30)

 

 

980 

 

 

4,656 

     Deferred tax asset valuation allowance (3)

 

 

2,949 

 

 

 —

 

 

 —

 

 

124 

 

 

2,825 

Year ended August 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Allowance for doubtful accounts (1)

 

$

4,857 

 

$

5,840 

 

$

 —

 

$

991 

 

$

9,706 

     Allowance for inventory obsolescence (2)

 

 

2,858 

 

 

3,302 

 

 

(147)

 

 

1,608 

 

 

4,405 

     Deferred tax asset valuation allowance (3)

 

 

 —

 

 

2,949 

 

 

 —

 

 

 —

 

 

2,949 

Year ended August 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Deducted in the balance sheet from the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   assets to which they apply:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Allowance for doubtful accounts (1)

 

$

2,853 

 

$

2,225 

 

$

 —

 

$

221 

 

$

4,857 

     Allowance for inventory obsolescence (2)

 

 

3,089 

 

 

698 

 

 

11 

 

 

940 

 

 

2,858 

     Deferred tax asset valuation allowance (3)

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Deductions consist of uncollectible items written off, less recoveries of items previously written off.

 

 

 

 

 

 

(2) Deductions consist of obsolete items sold or scrapped.

 

 

 

 

 

 

(3) Deductions consist of foreign exchange rate fluctuations.