Annual report pursuant to Section 13 and 15(d)

Schedule II: Valuation and Qualifying Accounts

v3.22.4
Schedule II: Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II: Valuation and Qualifying Accounts Schedule II: Valuation and Qualifying Accounts

 

 

 

Balance at

 

 

 

 

 

 

 

 

 

 

 

 

Beginning

 

 

 

 

 

 

 

 

Balance at

 

(amounts in thousands)

 

of Year

 

 

Additions

 

 

Deletions

 

 

End of Year

 

Year ended December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts (1)

 

$

52

 

 

$

97

 

 

$

72

 

 

$

77

 

Allowance for sales returns (2)

 

 

810

 

 

 

12,927

 

 

 

13,254

 

 

 

483

 

Allowance for rental asset loss (3)

 

 

1,290

 

 

 

2,940

 

 

 

1,975

 

 

 

2,255

 

Year ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts (1)

 

$

52

 

 

$

60

 

 

$

60

 

 

$

52

 

Allowance for sales returns (2)

 

 

742

 

 

 

11,034

 

 

 

10,966

 

 

 

810

 

Allowance for rental asset loss (3)

 

 

575

 

 

 

1,153

 

 

 

438

 

 

 

1,290

 

Year ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts (1)

 

$

205

 

 

$

187

 

 

$

340

 

 

$

52

 

Allowance for sales returns (2)

 

 

1,163

 

 

 

10,299

 

 

 

10,720

 

 

 

742

 

Allowance for rental revenue adjustments (4)

 

 

411

 

 

 

2,579

 

 

 

2,594

 

 

 

396

 

Allowance for rental asset loss (3)

 

 

395

 

 

 

559

 

 

 

379

 

 

 

575

 

 

(1)
The additions to the allowance for doubtful accounts represent the estimates of bad debt expense based upon factors for which the company evaluates the collectability of accounts receivable, with actual recoveries netted into additions. Deductions are the actual write-offs of the receivables.
(2)
The additions to the allowance for sales returns represent estimates of returns based upon historical returns experience, primarily for the direct-to-consumer sales channel. Deductions are the actual returns of products.
(3)
The additions to the allowance for rental asset loss represent estimated losses of the Company’s rental assets that will potentially be unrecoverable from the patient. Deductions are the actual write-offs of the rental assets.
(4)
The additions to the allowance for rental revenue adjustments represent estimates of revenue adjustments that will need to be recorded for billing adjustments on rental revenue, net of recoveries. Deductions are the actual adjustments and write-offs of the rental receivables for such revenue adjustments.