Annual report pursuant to Section 13 and 15(d)

Schedule II Valuation and Qualifying Accounts

v2.4.1.9
Schedule II Valuation and Qualifying Accounts
 12 Months Ended
Jan. 03, 2015
Valuation and Qualifying Accounts [Abstract]  
Schedule II Valuation and Qualifying Accounts
Schedule II Valuation and Qualifying Accounts 
Column A
 
Column B
 
Column C
 
Column D
 
Column E
Description
 
Balance at Beginning of Period
 
Charged to (Reduction of) Cost and Expenses
 
Deductions
 
Balance at End of Period
Year ended January 3, 2015
 
 
 
 
 
 
 
 
Deducted from asset account:
 
 
 
 
 
 
 
 
Allowance for doubtful accounts
 
$
1,079,000

 
$
667,000

 
$
(632,000
)
 
$
1,114,000

 
 
 
 
 
 
 
 
 
Year ended December 28, 2013
 
 
 
 
 
 
 
 
Deducted from asset account:
 
 
 
 
 
 
 
 
Allowance for doubtful accounts
 
$
1,313,000

 
$
(192,000
)
 
$
(42,000
)
 
$
1,079,000

 
 
 
 
 
 
 
 
 
Year ended December 29, 2012
 
 
 
 
 
 
 
 
Deducted from asset account:
 
 
 
 
 
 
 
 
Allowance for doubtful accounts
 
$
1,203,000

 
$
928,000

 
$
818,000

 
$
1,313,000

 
 
 
 
 
 
 
 
 
Charged to cost and expenses for 2012 is comprised of:
(1) the amount due from Palmer's prior owners of $821,000 for the amount of pre-acquisition receivables outstanding at 120 days after acquisition which were indemnified by the sellers (see Note 1); and
(2) $107,000 charged against earnings.
Charged to cost and expenses for 2014 includes approximately $76,000 for the beginning balance in the allowance for doubtful accounts for Specialty Pipe & Tube, Inc. as a result of the acquisition on November 21, 2014.
Deductions represent uncollected accounts and credit balances written off against reserve, net of recoveries.