Tiffany & Co. and Subsidiaries

Schedule II - Valuation and Qualifying Accounts and Reserves

(in thousands)



Column A	Column B		Column C				Column D			Column E
			Additions
Description	Balance at beginning of period		Charged to costs and expenses		Charged to other accounts		Deductions			Balance at end of period
Year Ended January 31, 2015:
Reserves deducted from assets:
Accounts receivable allowances:
Doubtful accounts	$	1,860	$	1,859	$	—	$	1,951	^a	$	1,768
Sales returns	8,477		1,880		—		1,526		^b	8,831
Allowance for inventory liquidation and obsolescence	64,113		33,620		—		34,485		^c	63,248
Allowance for inventory shrinkage	1,458		2,633		—		1,904		^d	2,187
Deferred tax valuation allowance	17,693		4,023		—		5,484		^e	16,232

a) Uncollectible accounts written off.

b) Adjustment related to sales returns previously provided for.

c) Liquidation of inventory previously written down to market.

d) Physical inventory losses.

e) Reversal of deferred tax valuation allowance and utilization of deferred tax loss carryforward.

Tiffany & Co. and Subsidiaries

Schedule II - Valuation and Qualifying Accounts and Reserves

(in thousands)



Column A	Column B		Column C				Column D			Column E
			Additions
Description	Balance at beginning of period		Charged to costs and expenses		Charged to other accounts		Deductions			Balance at end of period
Year Ended January 31, 2014:
Reserves deducted from assets:
Accounts receivable allowances:
Doubtful accounts	$	2,080	$	2,256	$	—	$	2,476	^a	$	1,860
Sales returns	7,630		2,477		—		1,630		^b	8,477
Allowance for inventory liquidation and obsolescence	54,175		31,667		—		21,729		^c	64,113
Allowance for inventory shrinkage	1,232		3,062		—		2,836		^d	1,458
Deferred tax valuation allowance	14,181		5,630		—		2,118		^e	17,693

a) Uncollectible accounts written off.

b) Adjustment related to sales returns previously provided for.

c) Liquidation of inventory previously written down to market.

d) Physical inventory losses.

e) Reversal of deferred tax valuation allowance and utilization of deferred tax loss carryforward.

Tiffany & Co. and Subsidiaries

Schedule II - Valuation and Qualifying Accounts and Reserves

(in thousands)



Column A	Column B		Column C				Column D			Column E
			Additions
Description	Balance at beginning of period		Charged to costs and expenses		Charged to other accounts		Deductions			Balance at end of period
Year Ended January 31, 2013
Reserves deducted from assets:
Accounts receivable allowances:
Doubtful accounts	$	2,466	$	1,346	$	—	$	1,732	^a	$	2,080
Sales returns	9,306		3,367		—		5,043		^b	7,630
Allowance for inventory liquidation and obsolescence	53,938		32,228		—		31,991		^c	54,175
Allowance for inventory shrinkage	1,495		2,600		—		2,863		^d	1,232
Deferred tax valuation allowance	13,570		6,786		—		6,175		^e	14,181

a) Uncollectible accounts written off.

b) Adjustment related to sales returns previously provided for.

c) Liquidation of inventory previously written down to market.

d) Physical inventory losses.

e) Reversal of deferred tax valuation allowance and utilization of deferred tax loss carryforward.