XXX XXXXXX, INC. AND SUBSIDIARY
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
Balance Deferred Balance
Description Beg. Of Tax End of
period Expense period
(Benefit)
Deferred tax valuation
allowance:
1997 $10,664 $(1,029) $ 9,635
1996 $ 9,746 $ 918 $10,664
1995 $ 4,985 $ 4,761 $ 9,746
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EXHIBIT INDEX
ITEM DESCRIPTION
2.3 Loan and Security Agreement between LaSalle National Bank and the Company
dated as of December 4, 1995.
2.4 $10,000,000 Note of the Company to LaSalle National Bank dated as of
December 4, 1995.
21 Schedule of Subsidiaries.
23 Consent of Price Waterhouse LLP.
27 Financial Data Schedule.
40
SCHEDULE OF SUBSIDIARIES
The Company's only subsidiary is J.J. Distribution Company, a Washington
corporation.
41
Consent of Independent Accountants
We hereby consent to the Incorporation by reference in the Registration
Statements on Form S-8 (No. 33-16837, No. 33-36184, No. 33-58586 and No.
33-95244) of Xxx Xxxxxx, Inc. of our report dated April 25, 1996 appearing on
Page 16 of this Form 10-K. We also consent to the incorporation by reference
of our report on the Financial Statement Schedule, which appears on page 38
of this Form 10-K.
Price Waterhouse LLP
Seattle, Washington
May 13, 1997
42
