Sales of Accounts Receivable

3 Months Ended

Mar. 29, 2025

We have entered into several customer-sponsored programs administered by unrelated financial institutions that permit us to sell (factor) certain accounts receivable at discounted rates to the financial institutions. Transactions under these agreements were accounted for as sales of accounts receivable, and the related accounts receivable were removed from our Condensed Consolidated Balance Sheets when sold. Sales of accounts receivable under these agreements, and related factoring costs, which were included in selling, general, and administrative expenses, were as follows:


	Three Months Ended
(in thousands)	March 29, 2025		March 30, 2024
Sales of accounts receivable	$	334,170	$	285,218
Factoring costs	14,588		13,610