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Allowance for Credit Losses | 6 Months Ended
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Oct. 27, 2012
Allowance for Credit Losses [Abstract] |
Allowance for Credit Losses |
Note 3: | Allowance for Credit Losses
As of October 27, 2012, we had gross notes receivable of $9.0 million outstanding from 10 customers, with a corresponding allowance for credit losses of $1.5 million. We have collateral from these customers in the form of inventory and/or real estate to support the net carrying value of these notes. We do not accrue interest income on these notes receivable, but we record interest income when it is received. Of the $9.0 million in notes receivable as of October 27, 2012, $1.2 million is expected to be repaid in the next twelve months, and was categorized as receivables in our consolidated balance sheet. The remainder of the notes receivable and the entire allowance for credit losses were categorized as other long-term assets. The following is an analysis of the allowance for credit losses related to our notes receivable as of and for the quarter and six months ended October 27, 2012, and October 29, 2011:
|  | Second Quarter Ended |  |  | Six Months Ended |
(Unaudited, amounts in thousands) |  | 10/27/12 |  |  | 10/29/11 |  |  | 10/27/12 |  |  | 10/29/11 |
Beginning balance |  | $ | 1,519 |  |  | $ | 2,309 |  |  | $ | 1,537 |  |  | $ | 2,067 |
Recoveries |  |  | (38 | ) |  |  | (18 | ) |  |  | (56 | ) |  |  | (18 | )
Write-offs |  |  | — |  |  |  | (15 | ) |  |  | — |  |  |  | (15 | )
Provision for credit losses |  |  | — |  |  |  | 15 |  |  |  | — |  |  |  | 283 |
Currency effect |  |  | — |  |  |  | (8 | ) |  |  | — |  |  |  | (34 | )
Ending balance |  | $ | 1,481 |  |  | $ | 2,283 |  |  | $ | 1,481 |  |  | $ | 2,283 |

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- Definition The entire disclosure for allowance for credit losses. + References No definition available. + Details
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