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Use the financial statement effects template to record income tax expense for fiscal year 2018 along with the changes in both deferred tax assets and liabilities and the valuation allowance
HARLEY-DAVIDSON, INC. SCHEDULE II - CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS Years ended December 31, 2019, 2018 and 2017 (In thousands) 2017 2019 2018 Accounts receivable - Allowance for doubtful accounts Balance, beginning of period $ 4,007 $ 4,091 $ 2,741 Provision charged to expense 1,569 731 1,328 Reserve adjustments 7 (137) 99 Write-offs, net of recoveries (655) (678) (77) Balance, end of period $ 4,928 4,007 $ 4,091 Finance receivables - Allowance for credit losses Balance, beginning of period $ 189,885 $ 192,471 $ 173,343 Provision for credit losses 134,536 106,870 132,444 Charge-offs, net of recoveries (125,840) (109,456) (113,316) Balance, end of period $ 198,581 189,885 $ 192,471 Inventories - Allowance for obsolescencela) Balance, beginning of period 39,015 $ 38,669 $ 39,873 Provision charged to expense 24,984 25,722 16,940 Reserve adjustments (39) (332) 306 Write-offs, net of recoveries (14,611) (25,044) (18,450) Balance, end of period $ 49,349 $ 39,015 $ 38,669 Deferred tax assets - Valuation allowance Balance, beginning of period 21,868 $ 21,561 $ 30,9 Adjustments 7,156 307 (9,392) Balance, end of period $ 29,024 $ 21,868 $ 21,561 (a) Inventory obsolescence reserves deducted from cost determined on first-in, first-out (FIFO) basis, before deductions for last-in, first-out (LIFO) valuation reserves. $ $ HARLEY-DAVIDSON, INC. SCHEDULE II - CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS Years ended December 31, 2019, 2018 and 2017 (In thousands) 2017 2019 2018 Accounts receivable - Allowance for doubtful accounts Balance, beginning of period $ 4,007 $ 4,091 $ 2,741 Provision charged to expense 1,569 731 1,328 Reserve adjustments 7 (137) 99 Write-offs, net of recoveries (655) (678) (77) Balance, end of period $ 4,928 4,007 $ 4,091 Finance receivables - Allowance for credit losses Balance, beginning of period $ 189,885 $ 192,471 $ 173,343 Provision for credit losses 134,536 106,870 132,444 Charge-offs, net of recoveries (125,840) (109,456) (113,316) Balance, end of period $ 198,581 189,885 $ 192,471 Inventories - Allowance for obsolescencela) Balance, beginning of period 39,015 $ 38,669 $ 39,873 Provision charged to expense 24,984 25,722 16,940 Reserve adjustments (39) (332) 306 Write-offs, net of recoveries (14,611) (25,044) (18,450) Balance, end of period $ 49,349 $ 39,015 $ 38,669 Deferred tax assets - Valuation allowance Balance, beginning of period 21,868 $ 21,561 $ 30,9 Adjustments 7,156 307 (9,392) Balance, end of period $ 29,024 $ 21,868 $ 21,561 (a) Inventory obsolescence reserves deducted from cost determined on first-in, first-out (FIFO) basis, before deductions for last-in, first-out (LIFO) valuation reserves. $ $
