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Note 5 - Receivables, net
 3 Months Ended
Sep. 23, 2012
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

5. Receivables, net


Receivables, net consist of the following:


 

September 23, 2012

June 24, 2012

Customer receivables

  $ 97,170   $ 100,818

Allowance for uncollectible accounts

    (1,133 )     (1,118 )

Reserves for yarn quality claims

    (1,073 )     (939 )

Net customer receivables

    94,964     98,761

Related party receivables

    40     111

Other receivables

    545     364

Total receivables, net

  $ 95,549   $ 99,236

Other receivables consist primarily of receivables for duty drawback, interest and vendor refunds due to the Company.


The changes in the Company's allowance for uncollectible accounts and reserves for yarn quality claims were as follows:


 

Allowance for Uncollectible

Accounts

Reserves for Yarn Quality Claims

Balance at June 24, 2012

  $ (1,118 )   $ (939 )

Charged to costs and expenses

    (110 )     (431 )

Charged to other accounts

    3     (1 )

Deductions

    92     298

Balance at September 23, 2012

  $ (1,133 )   $ (1,073 )

Amounts charged to costs and expenses for the allowance for uncollectible accounts are reflected in the Provision for bad debts. For the allowance for uncollectible accounts, deductions represent amounts written off which were deemed to not be collectible, net of any recoveries. Amounts charged to costs and expenses for the reserves for yarn quality claims are primarily reflected as a reduction of Net sales. For the reserve for yarn quality claims, deductions represent adjustments to either increase or decrease claims based on negotiated amounts or actual versus estimated claim differences. Amounts charged to other accounts primarily include the impact of translating the activity of the Company's foreign affiliates from their respective local currencies to the U.S. dollar.