Accounts Receivable

3 Months Ended

Apr. 01, 2017

Receivables [Abstract]

Accounts Receivable

5. ACCOUNTS RECEIVABLE

Accounts receivable consisted of the following:

	April 1,			December 31,
	2017			2016
Trade accounts receivable	$	90,356		$	77,092
Other receivables		6,397			6,516
Reserves for sales returns and doubtful accounts		(1,200	)		(1,150	)
	$	95,553		$	82,458

Other receivables at April 1, 2017 and December 31, 2016 includes $2,121 and $2,329, respectively, for a product contamination insurance policy claim related to the recall of stuffed chicken breast products that occurred in fiscal 2015. Such amounts were recognized based on a loss contingency model and primarily relate to a claim for net sales reductions due to product returns, marketing expenses to support post-recall sales, professional fees and travel. We expect to collect the remaining amounts in the second quarter of Fiscal 2017. The full amount of the adjusted insurance claim is $18,592, of which $1,000 is subject to self-insurance retention. Also included in the full insurance claim amount are unrecorded contingent gains of $3,766 representing claims for business interruption, net of $1,500 which was received in 1^st Quarter 2017. The amount of $1,500 that we received in 1^st Quarter 2017 is included in “Other (income) expense, net” in the Condensed Consolidated Statement of Operations and Comprehensive Income. The table below summarizes the activity in the recall receivables, which is included in other receivables in the table above:

Balance at December 31, 2016	$	2,329
Claim adjustment (recorded to cost of goods sold)		(4	)
Payments received		(204	)
Balance at April 1, 2017	$	2,121