Our exposure to credit loss in the event of non-payment of accounts receivable by customers is estimated in the amount of the allowance for doubtful accounts. We perform ongoing credit evaluations of the financial condition of our customers. Our top ten customers accounted for approximately 64.0% and 62.9% of consolidated net sales for the first two quarters of 2025 and 2024, respectively. Other than Walmart, which accounted for approximately 31.5% and 31.1% of our consolidated net sales for the first two quarters of 2025 and 2024, respectively, no single customer accounted for more than 10.0% of our consolidated net sales for the first two quarters of 2025 or 2024. Walmart is a customer for all four of our operating segments.

Our top ten customers accounted for approximately 66.0% and 68.2% of our consolidated trade accounts receivables as of June 28, 2025 and December 28, 2024, respectively. Other than Walmart, which accounted for approximately 35.3% and 36.0% of our consolidated trade accounts receivables as of June 28, 2025 and December 28, 2024, no single customer accounted for more than 10.0% of our consolidated trade accounts receivables.

As of June 28, 2025, we do not believe we have any significant concentration of credit risk with respect to our consolidated trade accounts receivables with any single customer whose failure or nonperformance would materially affect our results other than as described above with respect to Walmart.

During each of the first two quarters of 2025 and 2024, our sales to customers in foreign countries represented approximately 8.9% of net sales. Our foreign sales are primarily to customers in Canada.

Our long-lived assets (including right-of-use assets and net property, plant and equipment) located outside of the United States represented approximately 7.4% and 7.1% of our total long-lived assets as of June 28, 2025 and December 28, 2024, respectively.