v3.25.4
Allowance for Credit Losses
12 Months Ended
Dec. 28, 2025
Allowance for Credit Loss [Abstract]  
Allowance for Credit Losses

7. Allowance for Credit Losses

As of December 28, 2025 and December 29, 2024, the Company had an allowance for credit losses of $719 and $931, respectively.

The Company recognizes current estimated credit losses (“CECL”) for accounts receivable. The CECL for trade receivables is estimated based on the trade receivable aging category, credit risk of specific customers, past collection history, and management’s evaluation of accounts receivable. The Company also has other receivables which are classified within prepaid expenses and other current assets. The CECL for other receivables is estimated based on the other receivables aging category and the probability of default. Provisions for CECL are classified within selling, general and administrative costs.

Changes in the allowance for credit losses for the periods presented were as follows:

 

 

Accounts Receivable

 

 

Prepaid Expenses and other Current Assets

 

 

Total

 

As of December 25, 2022

 

$

(493

)

 

$

(206

)

 

$

(699

)

Provisions charged to operating results

 

 

(364

)

 

 

(148

)

 

 

(512

)

Account write-offs

 

 

307

 

 

 

127

 

 

 

434

 

As of December 31, 2023

 

$

(550

)

 

$

(227

)

 

$

(777

)

Provisions charged to operating results

 

 

(290

)

 

 

(153

)

 

 

(443

)

Account write-offs

 

 

149

 

 

 

140

 

 

 

289

 

As of December 29, 2024

 

$

(691

)

 

$

(240

)

 

$

(931

)

(Provisions) reductions charged to operating results

 

 

(49

)

 

 

206

 

 

 

157

 

Account write-offs

 

 

55

 

 

 

 

 

 

55

 

As of December 28, 2025

 

$

(685

)

 

$

(34

)

 

$

(719

)