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, 2017, 2016, and 2015
(Amounts in millions)
| 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, 2017 | |||||||||||||||
| Allowance for doubtful accounts | $ | 11.2 | 8.2 | — | 7.5 | 11.9 | |||||||||
| Insurance reserves | $ | 34.6 | 68.2 | (1) | — | 63.8 | (2) | 39.0 | |||||||
| Year ended December 31, 2016 | |||||||||||||||
| Allowance for doubtful accounts | $ | 11.7 | 8.5 | — | 9.0 | 11.2 | |||||||||
| Insurance reserves | $ | 31.8 | 62.3 | (1) | — | 59.5 | (2) | 34.6 | |||||||
| Year ended December 31, 2015 | |||||||||||||||
| Allowance for doubtful accounts | $ | 12.6 | 8.8 | — | 9.7 | 11.7 | |||||||||
| Insurance reserves | $ | 31.1 | 54.3 | (1) | — | 53.6 | (2) | 31.8 |
(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 5, 2018 | |
| 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 5, 2018 |
| /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 | |||
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