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

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 of assets on closed facilities, and contract cancellation costs.We record restructuring charges when they are probable and estimable. Restructuring costs are accrued upon announcement of the facility closure or restructuring event, and the amounts can be reasonably estimated. Restructuring costs are included in general and administrative expenses on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income.Our restructuring expenses are comprised of the following for the periods presented:Three Months EndedNine Months Ended(dollar amounts in millions)September 27, 2025September 28, 2024September 27, 2025September 28, 2024Severance and termination benefits$1.1 $0.4 $2.2 $1.0 Legal, consulting, and other costs— — 0.1 0.1 Total restructuring charges$1.1 $0.4 $2.3 $1.1 The following tables summarize the changes in the accrued restructuring balance, which are included in accrued expenses and other current liabilities in the accompanying Unaudited Condensed Consolidated Balance Sheets. (dollar amounts in millions)Balance at December 28, 2024$0.3 Restructuring charges2.3 Payments(1.8)Balance at September 27, 2025$0.8 (dollar amounts in millions)Balance at December 30, 2023$— Restructuring charges1.1 Payments(0.6)Balance at September 28, 2024$0.5 

13. Revenue Recognition

Contract balances as of September 27, 2025 and December 28, 2024 were as follows:(dollar amounts in millions)Revenues in excess of billings at September 27, 2025$20.1 Unbilled receivables at September 27, 20258.0 Contract assets at September 27, 2025$28.1 Revenues in excess of billings at December 28, 2024$16.2 Unbilled receivables at December 28, 20247.0 Contract assets at December 28, 2024$23.2 Contract liabilities at September 27, 2025$15.4 Contract liabilities at December 28, 2024$17.9 

During the three and nine month periods ended September 27, 2025, we recognized revenue