| | | | | | | | | | | | | (in thousands) | As of June 26,
2026 | | As of June 27,
2025 | | Trade accounts receivable | $ | 1,018,983 | | | $ | 760,238 | | | Less: Allowance for expected credit losses | (1,050) | | | (1,344) | | | Trade accounts receivable, net | $ | 1,017,933 | | | $ | 758,894 | |
The following tables summarize the movement in the Company’s expected credit losses during the years ended June 26, 2026, June 27, 2025, and June 28, 2024: | | | | | | | | | | | | | | | | (in thousands) | | | | Expected credit Losses | | 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 | | | Provision during the year | | | | 161 | | | Reversal during the year | | | | (455) | | | Balance as of June 26, 2026 | | | | $ | 1,050 | |
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