Accounts Receivable, Net

6 Months Ended

Jul. 02, 2021

Note 8: Accounts Receivable, Net

At July 2, 2021 and January 1, 2021, accounts receivable, net, was comprised of the following:

	July 2,			January 1,
(In thousands)	2021			2021
Billed accounts receivable	$	97,277		$	80,298
Unbilled accounts receivable		50,111			35,262
Allowance for contract losses and doubtful accounts		(4,645	)		(3,995	)
Total accounts receivable, net	$	142,743		$	111,565

The Company maintains allowances for estimated losses over the remaining contractual life of its receivables resulting from the inability of customers to meet their financial obligations or for disputes that affect the Company’s ability to fully collect amounts due. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations or aware of a dispute with a specific customer, a specific allowance is recorded to reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other customers the Company recognizes allowances for doubtful accounts based upon historical write-offs, customer concentration, customer creditworthiness, current economic conditions, aging of amounts due and future expectations.

A reconciliation of the beginning and ending amount of the contract losses and doubtful accounts is as follows (in thousands):

Balance at January 1, 2021	$	3,995
Provision for contract losses and doubtful accounts		932
Write-offs		(282	)
Balance at July 2, 2021	$	4,645