Receivables, Net

12 Months Ended

Dec. 30, 2023

Receivables [Abstract]

Receivables, Net

RECEIVABLES, NET

Receivables are summarized as follows:

	2023		2022
Customers, trade	$	22,461	$	23,111
Other receivables	1,665		2,009
Gross receivables	24,126		25,120
Less: allowance for expected credit losses (1)	(440)		(111)
Receivables, net	$	23,686	$	25,009

(1)The Company adopted the new standard , ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, on January 1, 2023 using a modified retrospective transition approach, with the cumulative impact being $388 from continuing operations. The Company recognized an expense to the provision for the expected credit losses of $31 and recognized write-offs, net of recoveries of $90 in 2023.