Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 10

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 10
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 three months or less from the date of purchase. Interest income on cash equivalents is offset against interest expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Interest income was $1.6 and $0.8 for the three month periods ended September 27, 2025 and September 28, 2024, respectively, and $3.9 and $1.2 for the nine month periods ended September 27, 2025 and September 28, 2024, respectively.

Accounts Receivable and Allowance for Credit Losses Accounts receivable primarily arise from the sale of products and services to customers. Accounts receivable are recorded at the invoiced amount and do not bear interest. Additionally, accounts receivable are stated at estimated net realizable value, net of allowance for credit losses, which is based on our assessment of the collectability of customer accounts. 

The activity for the allowance for credit losses during the nine month periods ended September 27, 2025 and September 28, 2024 is as follows:(dollar amounts in millions)Balance at December 28, 2024$18.1 Write-offs (6.1)Provision for expected credit losses on accounts receivable0.4 Balance at September 27, 2025$12.4 (dollar amounts in millions)Balance at December 30, 2023$3.6 Write-offs (0.3)Provision for expected credit losses on accounts receivable8.6 Balance at September 28, 2024$11.9 

Product WarrantiesWe record a liability for product warranties at the time of the related sale of goods. The liability is estimated using historical warranty experience, projected claim rates and expected costs per claim. We adjust our liability for specific warranty matters when they become known and the exposure can be estimated. Product failure rates as well as material usage and labor costs incurred in correcting a product failure affect our warranty liabilities. If actual costs differ from estimated costs, we must make a revision to the warranty liability. Generally, we offer warranties ranging between one and three years for our products with the exception of warranties for roofing at one of our business units, where we offer warranties of up to 10 years.The activity related to product warranty liabilities recorded in accrued expenses and other current liabilities during the nine month periods ended September 27, 2025 and September 28, 2024, is as follows:

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Janus International Group, Inc