Revenue Recognition |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Recognition | Revenue Recognition Deferred contract assets and deferred contract liabilities are included in the consolidated balance sheet as follows (in thousands):
During the years ended January 3, 2026, December 28, 2024 and December 30, 2023 the Company recognized revenue of $42 million, $36 million and $36 million, respectively, that was included in the deferred contract liability balance at the beginning of the year. Revenue from goods and services transferred to customers at a point in time accounted for approximately 97% of the Company’s revenues for 2025, and 98% for 2024 and 2023. Net sales consisted of the following (in thousands):
Obligation for Sales Returns The activity in the sales returns liability account for 2025 and 2024 was as follows (in thousands):
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