Note 5 - Receivables, Net

9 Months Ended

Mar. 30, 2014

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

5. Receivables, Net

Receivables, net consist of the following:

	March 30, 2014			June 30, 2013
Customer receivables	$	98,798		$	99,324
Allowance for uncollectible accounts		(1,145	)		(972	)
Reserves for yarn quality claims		(717	)		(893	)
Net customer receivables		96,936			97,459
Related party receivables		17			204
Other receivables		437			729
Total receivables, net	$	97,390		$	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		(186	)		(1,400	)
Charged to other accounts		4			3
Deductions		9			1,573
Balance at March 30, 2014	$	(1,145	)	$	(717	)

For the allowance for uncollectible accounts, amounts charged to costs and expenses are reflected in the provision for bad debts, and 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, and 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.