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Note 4 - Receivables, Net
3 Months Ended
Sep. 29, 2013
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. Receivables, Net


Receivables, net consist of the following:


   

September 29, 2013

   

June 30, 2013

 

Customer receivables

  $ 90,686     $ 99,324  

Allowance for uncollectible accounts

    (933 )     (972 )

Reserves for yarn quality claims

    (873 )     (893 )

Net customer receivables

    88,880       97,459  

Related party receivables

    498       204  

Other receivables

    719       729  

Total receivables, net

  $ 90,097     $ 98,392  

Other receivables consist primarily of receivables for duty drawback, amounts due from customers for returnable packaging, interest, value-added tax and refunds from vendors.


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 30, 2013

  $ (972 )   $ (893 )

Charged to costs and expenses

    38       (414 )

Charged to other accounts

    1       (2 )

Deductions

          436  

Balance at September 29, 2013

  $ (933 )   $ (873 )

Amounts charged to costs and expenses for the allowance for uncollectible accounts are reflected in the (Benefit) 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.