NOTE 4—Accounts Receivable
Accounts receivable are presented net of an allowance for doubtful accounts. Activity in the Company’s allowance for doubtful accounts for the years ended February 28, 2013, February 29, 2012 and February 28, 2011 is presented in the following table (in thousands):
| Balance
at beginning of period |
Charged to (recovery of) expense |
Adjustments (1) | Balance at end of period |
|||||||||||||
|
2011 |
$ | 2,295 | $ | (260 | ) | $ | (656 | ) | $ | 1,379 | ||||||
|
2012 |
$ | 1,379 | $ | 989 | $ | (491 | ) | $ | 1,877 | |||||||
|
2013 |
$ | 1,877 | $ | (102 | ) | $ | (436 | ) | $ | 1,339 | ||||||
| (1) | Represents foreign currency translation adjustments and amounts written-off as uncollectible accounts receivable. |
At February 28, 2013, no individual customer accounted for over 10% of the Company’s accounts receivable. At February 29, 2012, one individual customer accounted for 10% of the Company’s accounts receivable.