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Accounts Receivable | 12 Months Ended
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May 02, 2021
Receivables [Abstract] |
Accounts Receivable |
4. | ACCOUNTS RECEIVABLE
A summary of accounts receivable follows:
|  | May 2, |  |  | May 3, |
(dollars in thousands) |  | 2021 |  |  | 2020 |
customers |  | $ | 38,455 |  |  | $ | 25,649 |
allowance for doubtful accounts |  |  | (591 | ) |  |  | (472 | )
allowance for cash discounts |  |  | (124 | ) |  |  | (68 | )
reserve for returns and allowances and discounts |  |  | (14 | ) |  |  | (16 | )
|  | $ | 37,726 |  |  | $ | 25,093 |
A summary of the activity in the allowance for doubtful accounts follows:
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
beginning balance |  | $ | (472 | ) |  | $ | (393 | ) |  | $ | (357 | )
provision for bad debts |  |  | (119 | ) |  |  | (79 | ) |  |  | (84 | )
write-offs, net of recoveries |  |  | — |  |  |  | — |  |  |  | 48 |
ending balance |  | $ | (591 | ) |  | $ | (472 | ) |  | $ | (393 | )
As of May 2, 2021, we assessed the credit risk of our customers within our accounts receivable portfolio. Our risk assessment includes the respective customer’s (i) financial position; (ii) past payment history; (iii) management’s general ability; and (iv) historical loss experience; as well as (v) any other ongoing economic conditions (i.e., COVID-19). After our risk assessment was completed, we assigned credit grades to our customers, which in turn were used to determine our allowance for doubtful accounts totaling $591,000 as of May 2, 2021. A summary of the activity in the allowance for returns and allowances and discounts follows:
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
beginning balance |  | $ | (84 | ) |  | $ | (226 | ) |  | $ | (1,433 | )
adoption of ASC Topic 606 |  |  | — |  |  |  | — |  |  |  | 1,145 |
provision for returns and allowances and discounts |  |  | (1,665 | ) |  |  | (1,603 | ) |  |  | (2,180 | )
credits issued and discounts taken |  |  | 1,611 |  |  |  | 1,745 |  |  |  | 2,242 |
ending balance |  | $ | (138 | ) |  | $ | (84 | ) |  | $ | (226 | )

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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