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RECEIVABLES AND CONCENTRATION OF CREDIT RISK
9 Months Ended
Jul. 03, 2022
Receivables [Abstract]  
RECEIVABLES AND CONCENTRATION OF CREDIT RISK RECEIVABLES AND CONCENTRATION OF CREDIT RISK
The allowance for credit losses on the Company's trade receivables as of July 3, 2022 and September 30, 2021 was $11.2 million and $6.7 million, respectively. The increase in allowance for credit losses is primarily due to the acquisition of the Tristar Business and increased recoverability risk from Russia commercial operations. See Note 3 - Acquisitions for further discussion on the Tristar Business acquisition.
The Company has a broad range of customers including many large mass retail customers. As of July 3, 2022 and September 30, 2021 there was one large retail customer exceeding 10% of consolidated Net Trade Receivables and representing 17.1% and 14.7%, respectively, of consolidated Net Trade Receivables.