Accounts Receivable and Contract Assets, Net |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 26, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables, Net, Current [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Receivable and Contract Assets, Net | 3. Accounts Receivable and Contract Assets, Net Accounts receivable and contract assets, net, consisted of the following (in thousands):
Accounts receivable as of June 26, 2026 and December 26, 2025, is net of uncollected advanced billings. Contract assets as of June 26, 2026 and December 26, 2025, includes recognized recoverable costs and accrued profits on contracts for which billings had not been presented to clients. As of December 27, 2024, the Company had accounts receivable and contract assets of $35.9 million and $23.5 million, respectively. The allowance for doubtful accounts includes reserves related to client collection concerns and aged receivables. The Company has included $17.0 million and $11.9 million as of June 26, 2026 and December 26, 2025, respectively, in accounts receivable for certain software-related contract assets (unbilled revenue) that are multi-year in nature. |
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