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Note 3 - Recent Accounting Pronouncements
 6 Months Ended
Jul. 02, 2023
Notes to Financial Statements  
Accounting Standards Update and Change in Accounting Principle [Text Block]

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Recent Accounting Pronouncements

 

In June 2016, the FASB issued ASU 2016-13, Credit Losses – Measurement of Credit Losses on Financial Instruments, new guidance for the accounting for credit losses on certain financial instruments. This guidance introduces a new approach to estimating credit losses on certain types of financial instruments and modifies the impairment model for available-for-sale debt securities. The Company adopted this guidance on January 1, 2023, which had no material impact on our consolidated financial statements.