filings.toolsItem 16. FORM 10-K SUMMARY
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Item 16. FORM 10-K SUMMARY
Not applicable.
FASTENAL COMPANY
Schedule II—Valuation and Qualifying Accounts
Years ended December 31, 2016, 2015, and 2014
(Amounts in thousands)
| Description | Balance at Beginning of Year | “Additions” Charged to Costs and Expenses | “Other” Additions (Deductions) | “Less” Deductions | Balance at End of Year | ||||||||||
| Year ended December 31, 2016 | |||||||||||||||
| Allowance for doubtful accounts | $ | 11,729 | 8,550 | — | 9,030 | 11,249 | |||||||||
| Insurance reserves | $ | 31,821 | 62,313 | (1) | — | 59,494 | (2) | 34,640 | |||||||
| Year ended December 31, 2015 | |||||||||||||||
| Allowance for doubtful accounts | $ | 12,619 | 8,769 | — | 9,659 | 11,729 | |||||||||
| Insurance reserves | $ | 31,137 | 54,341 | (1) | — | 53,657 | (2) | 31,821 | |||||||
| Year ended December 31, 2014 | |||||||||||||||
| Allowance for doubtful accounts | $ | 9,248 | 11,480 | — | 8,109 | 12,619 | |||||||||
| Insurance reserves | $ | 30,880 | 52,858 | (1) | — | 52,601 | (2) | 31,137 |
(1) Includes costs and expenses incurred for premiums and claims related to health and general insurance.
(2) Includes costs and expenses paid for premiums and claims related to health and general insurance.
See accompanying Report of Independent Registered Public Accounting Firm incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: | February 6, 2017 | |
| FASTENAL COMPANY | ||
| By | /s/ Daniel L. Florness | |
| Daniel L. Florness, President and Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.
| Date: | February 6, 2017 |
| /s/ Daniel L. Florness | /s/ Holden Lewis | ||
| Daniel L. Florness, President and Chief Executive Officer (Principal Executive Officer), and Director | Holden Lewis, Executive Vice President and Chief Financial Officer (Principal Financial Officer) | ||
| /s/ Sheryl A. Lisowski | |||
| Sheryl A. Lisowski, Controller, Chief Accounting Officer, and Treasurer (Principal Accounting Officer) | |||
| /s/ Willard D. Oberton | /s/ Darren R. Jackson | ||
| Willard D. Oberton, Director (Chairman) | Darren R. Jackson, Director | ||
| /s/ Michael J. Ancius | /s/ Daniel L. Johnson | ||
| Michael J. Ancius, Director | Daniel L. Johnson, Director | ||
| /s/ Michael J. Dolan | /s/ Scott A. Satterlee | ||
| Michael J. Dolan, Director | Scott A. Satterlee, Director | ||
| /s/ Stephen L. Eastman | /s/ Reyne K. Wisecup | ||
| Stephen L. Eastman, Director | Reyne K. Wisecup, Director | ||
| /s/ Rita J. Heise | |||
| Rita J. Heise, Director | |||
INDEX TO EXHIBITS
| 3.1 | Restated Articles of Incorporation of Fastenal Company, as amended | Incorporated by Reference |
| 3.2 | Restated By-Laws of Fastenal Company | Incorporated by Reference |
| 4.1 | Form of Senior Notes due July 20, 2021 | Incorporated by Reference |
| 4.2 | Form of Senior Notes due July 20, 2022 | Incorporated by Reference |
| 10.1 | Description of Bonus Arrangements for Executive Officers | Incorporated by Reference |
| 10.2 | Fastenal Company Stock Option Plan as amended and restated effective as of December 12, 2014 | Incorporated by Reference |
| 10.3 | Fastenal Company Incentive Plan | Incorporated by Reference |
| 10.4 | Credit Agreement dated as of May 1, 2015 among Fastenal Company, the Lenders from time to time party thereto, and Wells Fargo Bank, National Association, as Administrative Agent, Swingline Lender and Issuing Lender, as amended by the First Amendment to Credit Agreement dated as of November 23, 2015 | Incorporated by Reference |
| 10.5 | Master Note Agreement dated as of July 20, 2016 by and among (i) Fastenal Company, (ii) Metropolitan Life Insurance Company, NYL Investors LLC and PGIM, Inc. (formerly known as Prudential Investment Management, Inc.), as investor group representatives (each, an 'Investor Group Representative'), and (iii) Metropolitan Life Insurance Company (in its capacity as a purchaser of notes under such Master Note Agreement) and/or affiliates of any Investor Group Representative who become purchasers of notes under such Master Note Agreement | Incorporated by Reference |
| 13 | Portions of 2016 Annual Report to Shareholders not included in this Form 10-K (only those sections specifically incorporated by reference in this Form 10-K shall be deemed filed with the SEC) | Electronically Filed |
| 21 | List of Subsidiaries | Electronically Filed |
| 23 | Consent of Independent Registered Public Accounting Firm | Electronically Filed |
| 31 | Certifications under Section 302 of the Sarbanes-Oxley Act of 2002 | Electronically Filed |
| 32 | Certification under Section 906 of the Sarbanes-Oxley Act of 2002 | Electronically Filed |
| EX 101.INS | XBRL Instance Document | Electronically Filed |
| EX 101.SCH | XBRL Taxonomy Extension Schema Document | Electronically Filed |
| EX 101.CAL | XBRL Taxonomy Calculation Linkbase Document | Electronically Filed |
| EX 101.DEF | XBRL Taxonomy Definition Linkbase Document | Electronically Filed |
| EX 101.LAB | XBRL Taxonomy Label Linkbase Document | Electronically Filed |
| EX 101.PRE | XBRL Taxonomy Presentation Linkbase Document | Electronically Filed |
Previous: Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
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