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Trade Accounts Receivable, Net
9 Months Ended
Sep. 30, 2013
Trade Accounts Receivable, Net

NOTE 5 — TRADE ACCOUNTS RECEIVABLE, NET

Trade accounts receivable, net consisted of the following as of:

 

(Dollars in thousands)

September 30,
2013

 

 

December 31,
2012

 

Trade accounts receivable

$

  4,340

  

 

$

  3,803

  

Sales returns and allowances

 

(172

) 

 

 

(161

) 

 

 

  4,168

  

 

 

  3,642

  

Allowance for uncollectible accounts

 

(35

) 

 

 

(35

) 

Trade accounts receivable, net

$

  4,133

  

 

$

  3,607

  

At September 30, 2013 and December 31, 2012, all of the trade receivables of Industrial Supply, totaling $4.3 million and $3.8 million, respectively, were pledged as collateral to secure outstanding balances on its line of credit and term loan.