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Notes Receivable
12 Months Ended
Dec. 28, 2019
Receivables [Abstract]  
Notes Receivable from IDPs

 

Note 7.

Notes Receivable from IDPs

The company provides direct financing to certain IDPs for the purchase of the IDPs’ distribution rights and records the notes receivable on the Consolidated Balance Sheets. The distribution rights are financed for up to ten years. During fiscal years 2019, 2018, and 2017 the following amounts were recorded as interest income, the majority of which relates to these notes receivable (amounts in thousands):

 

 

 

Interest income

 

Fiscal 2019

 

$

27,750

 

Fiscal 2018

 

$

27,755

 

Fiscal 2017

 

$

22,938

 

 

The notes receivable are collateralized by the IDPs’ distribution rights. Additional details are included in Note 17, Fair Value of Financial Instruments.