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Revenue Recognition and Contracts with Customers
 3 Months Ended
Mar. 29, 2025
Revenue Recognition and Contracts with Customers [Abstract]  
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

NOTE 3 - REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

 

The impact of ASC 606 on revenue recognized during the three months ended March 29, 2025 and March 30, 2024 is as follows:

 

   Three Months Ended 
   March 29, 2025   March 30, 2024 
         
Contract liabilities with customers at beginning of period  $
—
   $149 
           
Revenue deferred   789    
—
 
           
Revenue recognized   
—
    (119)
           
Contract liabilities with customers at end of period  $789   $30 

 

As more fully described in the Revenue Recognition section of Note 2, the deferral of revenue and subsequent recognition thereof relates to certain of the Company’s sales promotion programs that include the future shipment of free products. The Company expects the remaining deferred revenue from the contract liabilities with customers to be recognized in the second quarter of 2025.

 

Practical Expedients and Exemptions

 

The Company has elected to account for shipping and handling activities that occur after control of the related product transfers to the customer as fulfillment activities that are recognized upon shipment of the goods.