Accounts Receivable

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Accounts Receivable

Note 5. Accounts Receivable

The Company maintains arrangements under which eligible accounts receivable in Japan are sold without recourse to unrelated third-party financial institutions. These receivables were not included in the consolidated balance sheets as the criteria for sale treatment had been met. The Company pays administrative fees as well as interest ranging from 0.62% to 1.68% based on the anticipated length of time between the date the sale is consummated and the expected collection date of the receivables sold.

The Company sold $21.9 million and $5.2 million of receivables during the three months ended March 31, 2018 and April 1, 2017, respectively. There were no amounts due from such third party financial institutions at March 31, 2018 and December 30, 2017.