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These excerpts taken from the KKD 10-K filed Apr 17, 2009. Allowance for Doubtful Accounts Accounts receivable arise primarily from royalties earned on sales by the Company’s franchisees, sales by KK Supply Chain to our franchisees of equipment, mix and other supplies necessary to operate a Krispy Kreme store, as well as from off-premises sales by company stores to convenience and grocery stores and other customers. During the three years in the period ended February 1, 2009, some of the Company’s franchisees experienced financial difficulties or for other reasons did not comply with the normal payment terms for settlement of amounts due to the Company. The Company has recorded provisions for doubtful accounts related to its accounts receivable, including receivables from franchisees, in amounts which management believes are sufficient to provide for losses estimated to be sustained on realization of these receivables. Such estimates inherently involve uncertainties and assessments of the outcome of future events, and changes in facts and circumstances may result in adjustments to the provision for doubtful accounts. 53 Allowance for Accounts 53 | ||||||||||
Allowance for Accounts 53 | ||||||||||
Allowance for Accounts 53 | ||||||||||
This excerpt taken from the KKD 10-K filed Apr 12, 2007. Allowance for Doubtful Accounts Accounts receivable arise primarily from royalties earned on sales by the Company’s franchisees, sales by KK Supply Chain to our franchisees of equipment, mix, coffee and other supplies necessary to operate a Krispy Kreme store, as well as from off-premises sales by company stores to convenience and grocery stores and other customers. During the three years in the period ended January 28, 2007, some of the Company’s franchisees experienced financial difficulties or for other reasons did not comply with the normal payment terms for settlement of amounts due to the Company. The Company has recorded provisions for doubtful accounts related to its accounts receivable, including receivables from franchisees, in amounts which management believes are sufficient to provide for losses estimated to be sustained on realization of these receivables. Such estimates inherently involve uncertainties and assessments of the outcome of future events, and changes in facts and circumstances may result in adjustments to the provision for doubtful accounts. This excerpt taken from the KKD 10-K filed Oct 31, 2006. Allowance
for Doubtful Accounts
Accounts receivable arise primarily from royalties earned on
sales by the Company’s franchisees, sales by KKM&D to
our franchisees of equipment, mix, coffee and other supplies
necessary to operate a Krispy Kreme store, as well as from
off-premises sales by company stores to convenience and grocery
stores and other customers. During fiscal 2005 and 2006, some of
the Company’s franchisees experienced financial
difficulties or for other reasons did not comply with the normal
payment terms for settlement of amounts due to the Company. The
Company has recorded provisions for doubtful accounts related to
its accounts receivable, including receivables from franchisees,
in amounts which management believes are sufficient to provide
for losses estimated to be sustained on realization of these
receivables. Such estimates inherently involve uncertainties and
assessments of the outcome of future events, and changes in
facts and circumstances may result in adjustments to the
provision for doubtful accounts.
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