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Accounts Receivable
 12 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Accounts Receivable

4.  ACCOUNTS RECEIVABLE:

Trade receivables consist primarily of receivables from financial institutions, which provide funding for customer boat financing and amounts due from financial institutions earned from arranging financing with our customers.  We normally collect these receivables within 30 days of the sale.  Trade receivables also include amounts due from customers on the sale of boats, parts, service, and storage.  Amounts due from manufacturers represent receivables for various manufacturer programs and parts and service work performed pursuant to the manufacturers’ warranties.

The allowance for uncollectible receivables, which was not material to the consolidated financial statements as of September 30, 2017 or 2018, was based on our consideration of customer payment practices, past transaction history with customers, and economic conditions.  When an account becomes uncollectable, we expense it as a bad debt and we credit payments subsequently received to the bad debt expense account.  We review the allowance for uncollectible receivables when an event or other change in circumstances results in a change in the estimate of the ultimate collectability of a specific account.

Accounts receivable, net consisted of the following as of September 30,

 

 

 

2017

 

 

2018

 

 

 

(Amounts in thousands)

 

Trade receivables, net

 

$

15,860

 

 

$

18,864

 

Amounts due from manufacturers

 

 

8,192

 

 

 

14,343

 

Other receivables

 

 

609

 

 

 

796

 

 

 

$

24,661

 

 

$

34,003