Note 5 - Receivables, Net

12 Months Ended

Jun. 29, 2014

Receivables [Abstract]

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

5. Receivables, Net

Receivables, net consist of the following:

	June 29, 2014			June 30, 2013
Customer receivables	$	95,282		$	99,324
Allowance for uncollectible accounts		(1,035	)		(972	)
Reserves for yarn quality claims		(618	)		(893	)
Net customer receivables		93,629			97,459
Related party receivables		5			204
Other receivables		291			729
Total receivables, net	$	93,925		$	98,392

Other receivables consist primarily of receivables for duty drawback, 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 26, 2011	$	(1,147	)	$	(1,101	)
Charged to costs and expenses		(211	)		(1,390	)
Charged to other accounts		117			23
Deductions		123			1,529
Balance at June 24, 2012	$	(1,118	)	$	(939	)
Charged to costs and expenses		154			(1,881	)
Charged to other accounts		30			8
Deductions		(38	)		1,919
Balance at June 30, 2013	$	(972	)	$	(893	)
Charged to costs and expenses		(287	)		(1,726	)
Charged to other accounts		(20	)		2
Deductions		244			1,999
Balance at June 29, 2014	$	(1,035	)	$	(618	)

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