Allowance For Credit Losses (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of changes of the allowance for credit losses

The following table summarizes changes in our allowances for credit losses for accounts receivable and notes receivable:


(In thousands)	Accounts Receivable		Notes Receivable
Balance at December 26, 2021	$	2,364	$	1,500
Current period provision for expected credit losses, net (a)	6,474		14,066
Write-offs charged against the allowance	(2,120)		(1,067)

Balance at December 25, 2022	$	6,718	$	14,499
Current period provision for expected credit losses, net (b)	3,609		1,784
Write-offs charged against the allowance	(1,974)		(191)

Balance at December 31, 2023	$	8,353	$	16,092

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(a) The Company recorded $14.6 million of one-time, non-cash reserves in the first quarter of 2022 for certain accounts receivable and notes receivable primarily associated with a master franchisee with operations principally in Russia. The Company recorded $3.7 million of one-time, non-cash reserves in the second half of 2022 for certain accounts receivable and notes receivable primarily associated with the termination of significant franchisees in the UK.

(b) During the fourth quarter of 2023, the Company recorded $1.7 million of reserves for certain accounts receivable and notes receivable associated with the termination of a specific franchisee in the UK and $0.9 million of reserves for certain accounts receivable related to the conflict in the Middle East.