
(in thousands)	Beginning Balance		Additions (1)		Deductions (2)		Ending Balance
Allowance for credit losses:
Year Ended February 28, 2025	$	7,481	$	(143)	$	3,044	$	4,294
Year Ended February 29, 2024	$	1,678	$	6,103	$	300	$	7,481
Year Ended February 28, 2023	$	843	$	1,798	$	963	$	1,678
Deferred tax asset valuation allowance:
Year Ended February 28, 2025	$	19,044	$	2,330	$	—	$	21,374
Year Ended February 29, 2024	$	10,706	$	8,338	$	—	$	19,044
Year Ended February 28, 2023	$	11,673	$	—	$	967	$	10,706

(1)Additions to the allowance for credit losses represent periodic net charges to the provision for doubtful receivables, inclusive of any recoveries of receivables previously written off. The addition to the allowance for credit losses in fiscal 2024, includes a charge for uncollectible receivables due to the bankruptcy of Bed, Bath & Beyond. In fiscal 2025, the addition to the deferred tax asset valuation allowance was principally due to changes in the value of operating loss carryforwards not expected to be used in future years. In fiscal 2024, the addition to the deferred tax asset valuation allowance was primarily due to net operating loss carryforwards recorded in fiscal 2024 as a result of the Bermuda corporate income tax enactment that are not expected to be recoverable partially offset by changes in estimates of the recoverability of deferred tax assets.

(2)Deductions to the allowance for credit losses represent uncollectible balances written off. The deduction to the allowance for credit losses in fiscal 2025 was primarily due to the write-off of uncollectible Bed, Bath & Beyond balances. The deduction to the deferred tax asset valuation allowance in fiscal 2023 was primarily due to changes in deferred tax assets that are not expected to be recoverable.