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Receivables, Net
12 Months Ended
Jun. 24, 2018
Receivables [Abstract]  
Receivables, Net

5. Receivables, Net

Receivables, net consists of the following:

 

 

 

June 24, 2018

 

 

June 25, 2017

 

Customer receivables

 

$

87,633

 

 

$

83,291

 

Allowance for uncollectible accounts

 

 

(2,059

)

 

 

(2,222

)

Reserves for yarn quality claims

 

 

(564

)

 

 

(1,278

)

Net customer receivables

 

 

85,010

 

 

 

79,791

 

Related party receivables

 

 

 

 

 

6

 

Other receivables

 

 

1,263

 

 

 

1,324

 

Total receivables, net

 

$

86,273

 

 

$

81,121

 

 

Other receivables consists primarily of refunds due for non-income related taxes and refunds due from vendors.

The changes in UNIFI’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 28, 2015

 

$

(1,596

)

 

$

(581

)

Charged to costs and expenses

 

 

(1,684

)

 

 

(1,886

)

Translation activity

 

 

(56

)

 

 

(4

)

Deductions

 

 

497

 

 

 

1,676

 

Balance at June 26, 2016

 

$

(2,839

)

 

$

(795

)

Credited (charged) to costs and expenses

 

 

123

 

 

 

(2,719

)

Translation activity

 

 

34

 

 

 

3

 

Deductions

 

 

460

 

 

 

2,233

 

Balance at June 25, 2017

 

$

(2,222

)

 

$

(1,278

)

Credited (charged) to costs and expenses

 

 

38

 

 

 

(821

)

Translation activity

 

 

125

 

 

 

(9

)

Deductions

 

 

 

 

 

1,544

 

Balance at June 24, 2018

 

$

(2,059

)

 

$

(564

)

 

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