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Note 4 - Accounts Receivable and Contract Assets, Net
 12 Months Ended
Jan. 03, 2026
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4.

ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET

 

The Company’s accounts receivable and contract assets, net are comprised as follows:

 

  

January 3,

2026

  

December 28,

2024

 

Billed accounts receivable

 $47,987  $55,224 

Unbilled accounts receivable

  23,942   16,931 

Contract assets

  10,543   7,375 

Provision for credit losses

  (1,229)  (1,570)
         

Accounts receivable and contract assets, net

 $81,243  $77,960 

 

Unbilled receivables primarily represent revenue earned whereby those services are ready to be billed as of the balance sheet ending date. Contract assets primarily represents revenue earned under contracts which the Company contractually invoices at future dates.

 

Activity in the Company’s provision for credit losses consisted of the following:

 

  Fiscal Years Ended 
  

 

January 3,

2026

  

 

December 28,

2024

 

Balance at beginning of year

 $1,570  $1,600 

Increase in provision for credit losses

  906   - 

Write-offs of receivables to provision for credit losses

  (1,247)  (30)
         

Balance at end of year

 $1,229  $1,570