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SUPPLEMENTAL BALANCE SHEET INFORMATION
6 Months Ended
Jun. 25, 2022
Supplemental Balance Sheet Information [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION SUPPLEMENTAL BALANCE SHEET INFORMATION
The composition of trade receivables and contract assets, net is as follows:
June 25, 2022December 25, 2021
(in thousands)
Client receivables$564,719 $489,452 
Unbilled revenue190,814 160,609 
Total755,533 650,061 
Less: Allowance for credit losses(7,928)(7,180)
Trade receivables and contract assets, net$747,605 $642,881 
The composition of inventories is as follows:
June 25, 2022December 25, 2021
(in thousands)
Raw materials and supplies$37,237 $33,118 
Work in process43,615 40,268 
Finished products175,913 125,760 
Inventories$256,765 $199,146 
The composition of other current assets is as follows:
June 25, 2022December 25, 2021
(in thousands)
Prepaid income tax$92,909 $84,725 
Short-term investments1,012 1,063 
Restricted cash5,797 4,023 
Other receivables7,738 7,500 
Other current assets$107,456 $97,311 
The composition of other assets is as follows:
June 25, 2022December 25, 2021
(in thousands)
Venture capital investments$127,864 $149,640 
Strategic equity investments151,207 51,712 
Life insurance policies42,116 51,048 
Other long-term income tax assets16,412 18,690 
Restricted cash1,090 1,077 
Long-term pension assets37,357 39,582 
Other59,589 41,140 
Other assets$435,635 $352,889 
The composition of other current liabilities is as follows:
June 25, 2022December 25, 2021
(in thousands)
Current portion of operating lease right-of-use liabilities$48,937 $33,267 
Accrued income taxes46,226 26,161 
Customer contract deposits77,038 59,512 
Other17,909 18,701 
Other current liabilities$190,110 $137,641 
The composition of other long-term liabilities is as follows:
June 25, 2022December 25, 2021
(in thousands)
U.S. Transition Tax$32,324 $43,057 
Long-term pension liability, accrued executive supplemental life insurance retirement plan and deferred compensation plans103,245 104,944 
Long-term deferred revenue20,766 20,578 
Other38,740 74,280 
Other long-term liabilities$195,075 $242,859