Accounts Receivable, Net

3 Months Ended

Mar. 31, 2023

Note 8: Accounts Receivable, Net

At March 31, 2023 and December 30, 2022, accounts receivable, net, was comprised of the following:


	March 31,			December 30,
(In thousands)	2023			2022
Billed accounts receivable	$	119,949		$	120,212
Unbilled accounts receivable		60,184			56,095
Allowance for contract losses and doubtful accounts		(7,069	)		(6,193	)
Total accounts receivable, net	$	173,064		$	170,114

The Company maintains allowances for estimated losses over the remaining contractual life of its receivables resulting from the inability of customers to meet their financial obligations or for disputes that affect the Company’s ability to fully collect amounts due. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations or aware of a dispute with a specific customer, a specific allowance is recorded to reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other customers the Company recognizes allowances for doubtful accounts based upon historical write-offs, customer concentration, customer creditworthiness, current economic conditions, aging of amounts due and future expectations.

A reconciliation of the beginning and ending amount of the allowance for contract losses and doubtful accounts is as follows (in thousands):


Balance at December 30, 2022	$	6,193
Provision for contract losses and doubtful accounts		892
Write-offs		(16	)
Balance at March 31, 2023	$	7,069