Genesco Inc. and Subsidiaries Schedule 2 Valuation and Qualifying Accounts (1) Reflects adjustment of merchandise inventories to realizable value. Charged to Profit and Loss column represents increases to the allowance and the Reductions column represents decreases to the allowance based on quarterly assessments of the allowance. 92 Table of Contents Year Ended February 1, 2020 (In thousands) Beginning Balance Charged to Profit and Loss Additions (Reductions) Ending Balance Allowances deducted from assets in the balance sheet: Accounts Receivable Allowances $ 2,894 $ 133 $ (87) $ 2,940 Markdown Allowance (1) $ 7,019 $ 1,579 $ (3,039) $ 5,559 Year Ended February 2, 2019 (In thousands) Beginning Balance Charged to Profit and Loss Reductions Ending Balance Allowances deducted from assets in the balance sheet: Accounts Receivable Allowances $ 4,593 $ 40 $ (1,739) $ 2,894 Markdown Allowance (1) $ 6,498 $ 4,297 $ (3,776) $ 7,019 Year Ended February 3, 2018 (In thousands) Beginning Balance Charged to Profit and Loss Reductions Ending Balance Allowances deducted from assets in the balance sheet: Accounts Receivable Allowances $ 3,073 $ 618 $ 902 $ 4,593 Markdown Allowance (1) $ 5,416 $ 3,491 $ (2,409) $ 6,498