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Accounts Receivable, Net | 6 Months Ended
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Jun. 28, 2024
Receivables [Abstract] |
Accounts Receivable, Net | Note 8: Accounts Receivable, Net At June 28, 2024 and December 29, 2023, accounts receivable, net, was comprised of the following:
|  | June 28, |  |  | December 29, |
(In thousands) |  | 2024 |  |  | 2023 |
Billed accounts receivable |  | $ | 117,977 |  |  | $ | 128,052 |
Unbilled accounts receivable |  |  | 54,054 |  |  |  | 44,589 |
Allowance for contract losses and doubtful accounts |  |  | (6,161 | ) |  |  | (5,281 | )
Total accounts receivable, net |  | $ | 165,870 |  |  | $ | 167,360 |
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 29, 2023 |  | $ | 5,281 |
Provision for contract losses and doubtful accounts |  |  | 2,359 |
Write-offs |  |  | (1,479 | )
Balance at June 28, 2024 |  | $ | 6,161 |

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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