Note 8 – Customer Allowances and Discounts

Trade accounts receivable is reported net of certain allowances and discounts. The most significant of these are as follows:


(In thousands)	August 24, 2012		February 29, 2012		August 26, 2011
Allowance for seasonal sales returns	$	24,127	$	34,285	$	25,015
Allowance for outdated products		11,785		10,976		13,405
Allowance for doubtful accounts		21,474		4,480		7,579
Allowance for marketing funds		29,459		26,679		31,477
Allowance for rebates		28,024		27,648		29,537

	$	114,869	$	104,068	$	107,013

Certain customer allowances and discounts are settled in cash. These accounts, primarily rebates, which are classified as “Accrued liabilities” on the Consolidated Statement of Financial Position, totaled $11.4 million, $13.7 million and $13.1 million as of August 24, 2012, February 29, 2012 and August 26, 2011, respectively.

During the first quarter of 2013, the Corporation recorded an additional allowance for doubtful accounts of approximately $17 million related to its unsecured accounts receivable exposure to Clinton Cards. See Note 4 for further information.