EXHIBIT 99.1 School Specialty Inc. Valuation and Qualifying Accounts and Reserves The Fiscal Years Ended April 26, 1997, April 25, 1998 and April 24, 1999 Balance Charged Charged at to to Balance Beginning Costs and Other at End of Description Date of Period Expenses Accounts Deductions Date Period Allowance for doubtful accounts May 1, 1996 $ 202,000 27,000 243,000(b) (1,000)(a) April 26, 1997 471,000 April 27, 1997 471,000 274,000 293,000(b) (322,000)(a) April 25, 1998 716,000 April 25, 1998 716,000 266,000 1,579,000(b) (327,000)(a) April 24, 1999 2,234,000 Accumulated amortization of intangibles May 1, 1996 2,817,000 566,000 (59,000)(c) April 26, 1997 3,324,000 April 27, 1997 3,324,000 2,061,000 (24,000)(c) April 25, 1998 5,361,000 April 25, 1998 5,361,000 4,656,000 (119,000)(c) April 24, 1999 9,898,000 ____________ (a) Represents write-offs of uncollectable accounts receivable. (b) Allowance for doubtful accounts acquired in purchase acquisitions. (c) Represents (write-offs) / recoveries of fully amortized intangible assets.