| | | | | | | | | | | | | (in thousands) | As of June 27,
2025 | | As of June 28,
2024 | | Trade accounts receivable | $ | 760,238 | | | $ | 594,081 | | | Less: Allowance for expected credit losses | (1,344) | | | (1,629) | | | Trade accounts receivable, net | $ | 758,894 | | | $ | 592,452 | |
The following tables summarize the movement in the Company’s expected credit losses during the years ended June 27, 2025, June 28, 2024, and June 30, 2023: | | | | | | | | | | | | | | | | (in thousands) | | | | Expected credit Losses | | Balance as of June 24, 2022 | | | | $ | 1,271 | | | Provision during the year | | | | 1,410 | | | Reversal during the year | | | | (1,716) | | | Balance as of June 30, 2023 | | | | 965 | | | Provision during the year | | | | 2,164 | | | Reversal during the year | | | | (1,500) | | | Balance as of June 28, 2024 | | | | 1,629 | | | Provision during the year | | | | 540 | | | Reversal during the year | | | | (825) | | | Balance as of June 27, 2025 | | | | $ | 1,344 | |
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