Accounts Receivable

12 Months Ended

Apr. 28, 2024

Receivables [Abstract]

Accounts Receivable

2.ACCOUNTS RECEIVABLE

A summary of accounts receivable follows:

	April 28,			April 30,
(dollars in thousands)	2024			2023
customers	$	21,660		$	25,244
allowance for doubtful accounts		(356	)		(342	)
allowance for cash discounts		(113	)		(96	)
reserve for returns and allowances and discounts		(53	)		(28	)
	$	21,138		$	24,778

A summary of the activity in the allowance for doubtful accounts follows:

(dollars in thousands)	2024			2023			2022
beginning balance	$	(342	)	$	(292	)	$	(591	)
provision for bad debts		(276	)		(121	)		74
write-offs, net of recoveries		262			71			225
ending balance	$	(356	)	$	(342	)	$	(292	)

As of April 28, 2024, and April 30, 2023, we assessed the credit risk of our customers within our accounts receivable portfolio. Our risk assessment includes the respective customer’s (i) financial position; (ii) past payment history; (iii) management’s general ability; and (iv) historical loss experience; as well as (v) any other ongoing economic conditions. After our risk assessment was completed, we assigned credit grades to our customers, which in turn were used to determine our allowance for doubtful accounts totaling $356,000 and $342,000 as of April 28, 2024, and April 30, 2023, respectively.

A summary of the activity in the allowance for returns and allowances and discounts follows:

(dollars in thousands)	2024			2023			2022
beginning balance	$	(124	)	$	(95	)	$	(138	)
provision for returns and allowances and discounts		(1,173	)		(1,212	)		(1,386	)
credits issued and discounts taken		1,131			1,183			1,429
ending balance	$	(166	)	$	(124	)	$	(95	)