v3.26.1
Revenue Recognition and Contracts with Customers
 6 Months Ended
Jun. 27, 2026
Revenue Recognition and Contracts with Customers [Abstract]  
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

NOTE 3 - REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

 

The impact of ASC 606 on revenue recognized during the three and six months ended June 27, 2026 and June 28, 2025 is as follows:

 

    Three Months Ended   Six Months Ended
    June 27,
2026		   June 28,
2025		   June 27,
2026		   June 28,
2025
                 
Contract liabilities with customers at beginning of period   $ 714     $ 789     $ —     $ —  
                                 
Revenue deferred     —       (325 )     714       464  
                                 
Revenue recognized     (249 )     (373 )     (249 )     (373 )
                                 
Contract liabilities with customers at end of period   $ 465     $ 91     $ 465     $ 91  

 

As more fully described in the Revenue Recognition section of Note 2, the deferral of revenue and subsequent recognition thereof relates to certain of the Company’s sales promotion programs that include the future shipment of free products. The Company expects the remaining deferred revenue from the contract liabilities with customers to be recognized in the third quarter of 2026.

 

Practical Expedients and Exemptions

 

The Company has elected to account for shipping and handling activities that occur after control of the related product transfers to the customer as fulfillment activities that are recognized upon shipment of the goods.