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## NOTE 4 - RECEIVABLES, NET 

Receivables are summarized as follows: 

## THE DIXIE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (amounts in thousands, except per share data) (Continued) 

<img src='content_image/1040813.jpg'>

Bad debt expense was $240 in 2019, $163 in 2018, and $70 in 2017. 

## NOTE 5 - INVENTORIES, NET 

Inventories are summarized as follows: 

<img src='content_image/1040814.jpg'>

In March 2019, the Company incurred an inventory liquidation due to a consignment agreement with a primary vendor of raw materials. The former inventory levels are not expected to be reinstated. The Company recognized the effect within 2019 which resulted in liquidations of LIFO inventories carried at prevailing costs established in prior years and reduced cost of sales by $281. 

## NOTE 6 - PROPERTY, PLANT AND EQUIPMENT, NET 

Property, plant and equipment consists of the following: 

<img src='content_image/1040815.jpg'>

Depreciation of property, plant and equipment, including amounts for finance leases, totaled $11,219 in 2019, $12,141 in 2018 and $12,436 in 2017. 

