Receivables, Net

12 Months Ended

Jun. 29, 2025

6. Receivables, Net

Receivables, net consists of the following:


	June 29, 2025			June 30, 2024
Customer receivables	$	76,594		$	80,050
Allowance for uncollectible accounts		(2,451	)		(2,713	)
Reserves for quality claims		(912	)		(745	)
Net customer receivables		73,231			76,592
Banker's acceptance notes		1,334			1,326
Other receivables		818			1,247
Total receivables, net	$	75,383		$	79,165

Banker’s acceptance notes (“BANs”), denominated in the Chinese Renminbi, relate to the settlement of certain customer receivables generated from trade activity in the Asia Segment. The BANs are redeemable upon maturity from the drawing financial institutions, or earlier at a discount.

The changes in UNIFI’s allowance for uncollectible accounts and reserves for quality claims were as follows:


	Allowance for Uncollectible Accounts			Reserves for Quality Claims
Balance at July 3, 2022	$	(1,498	)	$	(860	)
Credited (charged) to costs and expenses		89			(1,397	)
Translation activity		(86	)		7
Deductions		133			1,568
Balance at July 2, 2023	$	(1,362	)	$	(682	)
Charged to costs and expenses		(1,571	)		(1,491	)
Translation activity		96			2
Deductions		124			1,426
Balance at June 30, 2024	$	(2,713	)	$	(745	)
Credited (charged) to costs and expenses		166			(1,570	)
Translation activity		(2	)		(2	)
Deductions		98			1,405
Balance at June 29, 2025	$	(2,451	)	$	(912	)

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