| Schedule II - Valuation and Qualifying Accounts |
ePlus inc. AND SUBSIDIARIES
Schedule II - Valuation and Qualifying Accounts
(Dollars in thousands)
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Balance at Beginning of Period |
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Charged to Costs and Expenses |
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Deductions/ Write-Offs |
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Balance at End of Period |
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Allowance for sales returns: (1) |
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Year ended March 31, 2019 |
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|
899 |
|
|
|
1,305 |
|
|
|
(1,352 |
) |
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|
852 |
|
Year ended March 31, 2020 |
|
|
852 |
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|
2,678 |
|
|
|
(2,492 |
) |
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|
1,038 |
|
Year ended March 31, 2021 |
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|
1,038 |
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|
2,909 |
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|
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(2,758 |
) |
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1,189 |
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| |
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Allowance for credit losses: |
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Year ended March 31, 2019 |
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|
2,664 |
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|
335 |
|
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(385 |
) |
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2,614 |
|
Year ended March 31, 2020 |
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|
2,614 |
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|
1,004 |
|
|
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(429 |
) |
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|
3,189 |
|
Year ended March 31, 2021 |
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3,189 |
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|
1,436 |
|
|
|
(178 |
) |
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|
4,447 |
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| |
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Valuation for deferred taxes: |
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Year ended March 31, 2019 |
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|
1,335 |
|
|
|
(270 |
) |
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- |
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|
1,065 |
|
Year ended March 31, 2020 |
|
|
1,065 |
|
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|
320 |
|
|
|
- |
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1,385 |
|
Year ended March 31, 2021 |
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1,385 |
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- |
|
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(1,385 |
) |
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- |
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| (1) |
These amounts represent the gross profit effect of sales returns during the respective years. Expected merchandise returns after year-end for sales made before year-end were $7.4 million, $6.5 million, and $5.3 million as of March 31, 2021, 2020, and 2019, respectively. |
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