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Balance sheet information | 3 Months Ended
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Mar. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance sheet information | Balance sheet information Accounts receivable, net Accounts receivable, net are amounts billed and currently due from customers. The Company records the amounts due net of allowance for credit losses. Collection of the consideration that the Company expects to receive typically occurs within 30 to 90 days of billing. The Company applies the practical expedient for contracts with payment terms of one year or less which does not consider the effects of the time value of money. Occasionally, the Company enters into payment agreements with patients that allow payment terms beyond one year. In those cases, the financing component is not deemed significant to the contract. Accounts receivable, net of allowances, consisted of the following as of:
| March 30, 2024 |  | December 31, 2023
Accounts receivable | $ | 128,670 |  |  | $ | 127,008 |
Less: Allowance for credit losses | (3,129) |  |  | (4,219) |
| $ | 125,541 |  |  | $ | 122,789 |
Due to the short-term nature of the Company’s receivables, the estimate of expected credit losses is based on aging of the account receivable balances. The allowance is adjusted on a specific identification basis for certain accounts as well as pooling of accounts with similar characteristics. The Company has a diverse customer base with no single customer representing ten percent or more of sales. The Company has one customer representing approximately 18.7% and 16.0% of the accounts receivable balance as of March 30, 2024 and December 31, 2023, respectively. Historically, the Company’s reserves have been adequate to cover credit losses. Changes in credit losses were as follows:
| Three Months Ended
| March 30, 2024 |  | April 1, 2023
Beginning balance | $ | (4,219) |  |  | $ | (7,022) |
Benefit (provision) for expected credit losses | 976 |  |  | (1,079) |
Write-offs | 223 |  |  | 286 |
Recoveries | (109) |  |  | (484) |
Disposition | — |  |  | 898 |
Ending balance | $ | (3,129) |  |  | $ | (7,401) |
Inventory Inventory consisted of the following as of:
| March 30, 2024 |  | December 31, 2023
Raw materials and supplies | $ | 25,690 |  |  | $ | 21,062 |
Finished goods | 71,315 |  |  | 70,271 |
| 97,005 |  |  | 91,333 |
Accrued liabilities Accrued liabilities consisted of the following as of:
| March 30, 2024 |  | December 31, 2023
Gross-to-net deductions | $ | 63,891 |  |  | $ | 59,592 |
Bonus and commission | 13,869 |  |  | 19,437 |
Compensation and benefits | 6,341 |  |  | 9,709 |
Accrued interest | 6,451 |  |  | 6,606 |
Income and other taxes | 5,017 |  |  | 4,749 |
Other liabilities | 18,036 |  |  | 19,702 |
| $ | 113,605 |  |  | $ | 119,795 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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