Quarterly report pursuant to Section 13 or 15(d)

Nature of Operations (Tables)

v3.22.2.2
Nature of Operations (Tables)
 6 Months Ended
Jul. 02, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Accounts Receivable, Allowance for Credit Loss
The summary of activity in the allowance for credit losses for the six months ended July 2, 2022 and June 26, 2021 are as follows:

Beginning Balance
CECL Adoption1
Write-offs
Provision (Reversal), net
 Ending Balance
2022
 $ 5,449  $ 366  $ (1,017) $ 1,809  $ 6,607 
2021 4,485  —  (43) (623) 3,819 

(1) On January 2, 2022, the Company adopted the provisions of ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which introduced a new model known as CECL.