Note 9 – Customer Allowances and Discounts

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


(In thousands)	May 31, 2013		February 28, 2013		May 25, 2012
Allowance for seasonal sales returns		$ 29,296		$ 24,574		$ 36,719
Allowance for outdated products		11,971		11,156		15,355
Allowance for doubtful accounts		3,443		3,419		21,366
Allowance for marketing funds		27,305		28,610		28,987
Allowance for rebates		30,276		31,771		33,106

		$102,291		$ 99,530		$135,533

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 $14.3 million, $13.5 million and $12.5 million as of May 31, 2013, February 28, 2013 and May 25, 2012, respectively.

During the three months ended May 25, 2012, the Corporation recorded an additional allowance for doubtful accounts of approximately $17 million related to its unsecured accounts receivable exposure to Clinton Cards.