BRADY CORP
For the period ended Jul 31, 2024. Filed Sep 6, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Sep 6, 2024
BRC$79.92+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 16. Form 10-K Summary
None.
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
| Year ended July 31, | |||
|---|---|---|---|
| Description | 2024 | 2023 | 2022 |
| (Dollars in thousands) | |||
| Valuation accounts deducted in balance sheet from assets to which they apply — Accounts receivable — allowance for credit losses: | |||
| Balances at beginning of period | $8,467 | $7,355 | $7,306 |
| Additions — Due to acquired businesses | — | — | — |
| Additions — Charged to expense | 337 | 1,433 | 859 |
| Deductions — Bad debts written off, net of recoveries | (2,055) | (321) | (810) |
| Balances at end of period | $6,749 | $8,467 | $7,355 |
| Inventory — Reserve for slow-moving inventory: | |||
| Balances at beginning of period | $35,855 | $29,877 | $23,009 |
| Additions — Due to acquired businesses | — | — | — |
| Additions (Deductions) — Charged to (reversal of) expense | (1,707) | 9,580 | 10,198 |
| Deductions — Inventory write-offs | (2,166) | (3,602) | (3,330) |
| Balances at end of period | $31,982 | $35,855 | $29,877 |
| Valuation allowances against deferred tax assets: | |||
| Balances at beginning of period | $52,750 | $47,276 | $51,069 |
| Additions — Due to acquired businesses | — | — | — |
| Additions — Charged to expense | 1,357 | 5,852 | 48 |
| Deductions — Valuation allowances reversed/utilized | (6,883) | (378) | (3,841) |
| Balances at end of period | $47,224 | $52,750 | $47,276 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.