Accounts receivable and other receivables

12 Months Ended

Mar. 30, 2024

Accounts receivable and other receivables

Accounts receivable and other receivabl

es:

Accounts receivable, net of allowance for credit losses, at March 30, 2024 and March 25, 2023 consist of the following:


	As of
	March 30, 2024		March 25, 2023
	(In thousands)
Customer trade receivables	$	4,992	$	6,237
Other receivables		3,463		5,140

	$	8,455	$	11,377

Continuity of the allowance for doubtful accounts is as follows (in thousands):



Balance March 27, 2021	$	1,249
Provision for credit losses		303
Net write offs		(343	)

Balance March 26, 2022	$	1,209
Provision for credit losses		538
Net write offs		(493	)

Balance March 25, 2023	$	1,254

Provision for credit losses		555
Net write offs		(433	)

Balance March 30, 2024	$	1,376

Other receivables mainly relate to receivables from wholesale revenue, tenant allowances receivable from certain landlords, and the receivable from the joint venture (see Note 16).

Certain

sales plans relating to customers’ use of Birks credit cards provide for revolving lines of credit and/or installment plans under which the payment terms exceed one year. The receivables repayable within a timeframe exceeding one year included under such plans amounted to approximately $1.6 million and $2.0 million at March 30, 2024 and March 25, 2023, respectively, which are not included in customer trade receivables outlined above, and are included in long-term receivables on the Company’s balance

sheet.

The

following table disaggregates the Company’s accounts receivables and other receivables and long-term receivables as at March 30, 2024:


	Current		1 - 30 days past due		31 - 60 days past due		61 - 90 days past due		Greater than 90 days past due		Total


Customer in-house receivables	$	5,555	$	486	$	83	$	101	$	1,550	$	7,775
Other receivables		872		1,369		363		226		797		3,627

	$	6,427	$	1,855	$	446	$	327	$	2,347	$	11,402

The following table disaggregates the Company’s accounts receivables and other receivables and long-term receivables as at March 25, 2023:


	Current		1 - 30 days past due		31 - 60 days past due		61 - 90 days past due		Greater than 90 days past due		Total

Customer in-house receivables	$	7,400	$	545	$	129	$	161	$	957	$	9,192
Other receivables		4,630		106		228		55		420		5,439

	$	12,030	$	651	$	357	$	216	$	1,377	$	14,631