XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.22.1

Short Term Debt | 3 Months Ended
--- | ---
Apr. 02, 2022
Debt Disclosure [Abstract] |
Short Term Debt | Note 14: Short Term Debt Short term debt and other financing obligations as of April 2, 2022 and January 1, 2022, consist of the following (in $000’s):
|  | April 2, 2022 |  |  | January 1, 2022 |
AFCO Finance |  | $ | 72 |  |  | $ | 288 |
Total short term debt |  | $ | 72 |  |  | $ | 288 |
AFCO Finance The Company has entered into a financing agreement with AFCO Credit Corporation (“AFCO”) purchased through Marsh Insurance on an annual basis to fund the annual premiums on insurance policies due July 1 of each year. These policies relate to workers’ compensation and various liability policies including, but not limited to, General, Auto, Umbrella, Property, and Directors’ and Officers’ insurance. The total amount of the premiums financed in July 2021 was approximately $538,000 with an interest rate of 3.3%. An initial down payment of approximately $134,000 was made on July 1, 2021 with additional monthly payments of approximately $72,000 made beginning August 1, 2021 and ending on April 1, 2022. The outstanding principal due AFCO at April 2, 2022 and January 1, 2022 was approximately $72,000 and $288,000, respectively.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration