Note 5 - Receivables, Net

3 Months Ended

Sep. 28, 2014

Receivables [Abstract]

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

5. Receivables, Net

Receivables, net consist of the following:

	September 28, 2014			June 29, 2014
Customer receivables	$	94,395		$	95,270
Allowance for uncollectible accounts		(1,550	)		(1,035	)
Reserves for yarn quality claims		(678	)		(618	)
Net customer receivables		92,167			93,617
Related party receivables		76			17
Other receivables		459			291
Total receivables, net	$	92,702		$	93,925

Other receivables consist primarily of receivables for duty drawback, healthcare claim reimbursement, interest 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 29, 2014	$	(1,035	)	$	(618	)
Charged to costs and expenses		(591	)		(354	)
Charged to other accounts		67			30
Deductions		9			264
Balance at September 28, 2014	$	(1,550	)	$	(678	)

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.