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Revenue Recognition and Contracts with Customers
 6 Months Ended
Jun. 28, 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 and six months ended June 28, 2025 and June 29, 2024 is as follows:

 

   Three Months Ended  Six Months Ended
    June 28,
2025		  June 29,
2024		  June 28,
2025		  June 29,
2024
             
Contract liabilities with customers at beginning of period  $789   $30   $
—
   $149 
                     
Revenue deferred   (325)   
—
    464    
—
 
                     
Revenue recognized   (373)   (30)   (373)   (149)
Contract liabilities with customers at end of period  $91   $
—
   $91   $
—
 

 

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 third 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.