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Concentrations of Risk
 12 Months Ended
Dec. 30, 2023
Risks and Uncertainties [Abstract]  
Concentrations of Risk

7. Concentrations of Risk

 

Ongoing credit evaluations of customers’ financial condition are performed and collateral, such as letters of credit, are generally not required. Customer’s accounts receivable balance as a percentage of total accounts receivable was as follows:

 

   Percent of Gross Accounts Receivable 
Customer  December 30, 2023   December 31, 2022 
Collins Aerospace   28%   28%
DRS Network & Imaging Systems, LLC   27%   37%

 

Sales to significant non-affiliated customers for fiscal years 2023, 2022 and 2021, as a percentage of total revenues, is as follows:

 

   Sales as a Percent of Total Revenue 
   Fiscal Year 
   2023   2022   2021 
Customer               
Product Sales for Defense Customers in Total   56%   52%   40%
DRS Network & Imaging Systems, LLC   33%   40%   31%
Collins Aerospace   27%   28%   30%
Funded Research and Development Contracts   33%   30%   32%

 

Note: The caption “Defense Customers in Total” excludes research and development contracts.

 

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)