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Credit Losses | 3 Months Ended
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Mar. 31, 2024
Credit Loss [Abstract] |
Credit Losses | Credit Losses We are exposed to credit losses primarily through sales of products and services. Our expected loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade accounts receivables. Due to the short-term nature of such receivables, the estimated amount of accounts receivable that may not be collected is based on aging of the accounts receivable balances and the financial condition of customers. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. Our monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of customers' financial condition and macroeconomic conditions. Balances are written off when determined to be uncollectible. Provisions and recoveries are included in selling, general and administrative expenses. The following table presents the activity in the trade receivables allowance for doubtful accounts for the three months ended March 31, 2024 and April 2, 2023, respectively:
|  | 2024 |  | 2023
|  | (In thousands)
Beginning balance at January 1 |  | $ | 23,114 |  |  | $ | 7,954 |
Current period provision |  | 459 |  |  | 4,004 |
Recoveries collected |  | (6) |  |  | — |
Write-offs |  | (96) |  |  | (3) |
Fx impact |  | (51) |  |  | (25) |
Q1 ending balance |  | $ | 23,420 |  |  | $ | 11,930 |

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