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GWW » Topics » NOTE 4 - ALLOWANCE FOR DOUBTFUL ACCOUNTS

These excerpts taken from the GWW 10-K filed Feb 27, 2009.

NOTE 4 – ALLOWANCE FOR DOUBTFUL ACCOUNTS

The following table shows the activity in the allowance for doubtful accounts (in thousands of dollars):

	For the Years Ended December 31,
	2008			2007			2006
Balance at beginning of period	$	25,830		$	18,801		$	18,401
Provision for uncollectible accounts		12,924			15,436			6,057
Write-off of uncollectible accounts, less recoveries		(11,501	)		(8,755	)		(5,660	)
Foreign currency or translation impact		(772	)		348			3
Balance at end of period	$	26,481		$	25,830		$	18,801

NOTE
4 – ALLOWANCE FOR DOUBTFUL ACCOUNTS

The
following table shows the activity in the allowance for doubtful accounts (in
thousands of dollars):

	For the Years Ended December 31,
	2008			2007			2006
Balance at beginning of period	$	25,830		$	18,801		$	18,401
Provision for uncollectible accounts		12,924			15,436			6,057
Write-off of uncollectible accounts, less recoveries		(11,501	)		(8,755	)		(5,660	)
Foreign currency or translation impact		(772	)		348			3
Balance at end of period	$	26,481		$	25,830		$	18,801

These excerpts taken from the GWW 10-K filed Feb 27, 2008.

NOTE 4 – ALLOWANCE FOR DOUBTFUL ACCOUNTS

The following table shows the activity in the allowance for doubtful accounts (in thousands of dollars):

	For the Years Ended December 31,
	2007	2006	2005
Balance at beginning of period	$ 18,801	$ 18,401	$ 23,375
Provision for uncollectible accounts	15,436	6,057	1,326
Write-off of uncollectible accounts, less recoveries	(8,755)	(5,660)	(6,380)
Foreign currency exchange impact	348	3	80
Balance at end of period	$ 25,830	$ 18,801	$ 18,401

NOTE 4 – ALLOWANCE FOR DOUBTFUL ACCOUNTS

The following table shows the activity in the allowance for doubtful accounts (in thousands of dollars):

	For the Years Ended December 31,
	2007	2006	2005
Balance at beginning of period	$ 18,801	$ 18,401	$ 23,375
Provision for uncollectible accounts	15,436	6,057	1,326
Write-off of uncollectible accounts, less recoveries	(8,755)	(5,660)	(6,380)
Foreign currency exchange impact	348	3	80
Balance at end of period	$ 25,830	$ 18,801	$ 18,401

This excerpt taken from the GWW 10-K filed Feb 27, 2007.

NOTE 4 – ALLOWANCE FOR DOUBTFUL ACCOUNTS

The following table shows the activity in the allowance for doubtful accounts (in thousands of dollars):

	For the Years Ended December 31,
	2006	2005	2004
Balance at beginning of period	$ 18,401	$ 23,375	$ 24,736
Provision for uncollectible accounts	6,057	1,326	5,159
Write-off of uncollectible accounts, less recoveries	(5,660)	(6,380)	(6,662)
Foreign currency exchange impact	3	80	142
Balance at end of period	$ 18,801	$ 18,401	$ 23,375

This excerpt taken from the GWW 10-K filed Mar 6, 2006.

NOTE 5 – ALLOWANCE FOR DOUBTFUL ACCOUNTS

The following table shows the activity in the allowance for doubtful accounts:

	For the Years Ended December 31,
	2005	2004	2003
	(In thousands of dollars)
Balance at beginning of period	$ 23,375	$ 24,736	$ 26,868
Provision for uncollectible accounts	1,326	5,159	9,263
Write - off of uncollectible accounts,	(6,380)	(6,662)	(11,713)
less recoveries	(6,380)	(6,662)	(11,713)
Foreign currency exchange impact	80	142	318
Balance at end of period	$ 18,401	$ 23,375	$ 24,736

This excerpt taken from the GWW 10-K filed Feb 28, 2005.

NOTE 7—ALLOWANCE FOR DOUBTFUL ACCOUNTS

The following table shows the activity in the allowance for doubtful accounts:

	For the Years Ended December 31,
	2004		2003			2002
	(In thousands of dollars)
Balance at beginning of period	$	24,736		$	26,868		$	30,552
Provision for uncollectible accounts		5,159			9,263			13,328
Write-off of uncollectible accounts, less recoveries		(6,662	)		(11,713	)		(17,054	)
Foreign currency exchange impact		142			318			42

Balance at end of period	$	23,375		$	24,736		$	26,868

EXCERPTS ON THIS PAGE:

10-K (2 sections)	Feb 27, 2009

10-K (2 sections)	Feb 27, 2008

10-K	Feb 27, 2007

10-K	Mar 6, 2006

10-K	Feb 28, 2005

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W.W. Grainger (GWW)

GWW » Topics » NOTE 4 - ALLOWANCE FOR DOUBTFUL ACCOUNTS

NOTE 7—ALLOWANCE FOR DOUBTFUL ACCOUNTS

EXCERPTS ON THIS PAGE:

RELATED TOPICS for GWW:

"NOTE 4 - ALLOWANCE FOR DOUBTFUL ACCOUNTS" elsewhere: