Company: CHEF
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001517175-25-000002
Chunk: 132

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 132
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/or for which no estimate of possible losses can be made. The Company does not believe that there is a reasonable possibility of material loss or loss in excess of the amount that the Company has accrued. The Company recognizes legal fees related to any ongoing legal proceeding as incurred.Audits The Company is involved in various matters, with respect to some of which the outcome is uncertain. These audits may result in the assessment of additional taxes or other costs that are subsequently resolved with authorities or potentially through the courts.Risk Management Programs The Company’s self-insurance reserves for its medical program totaled $2,540 and $2,050 at December 27, 2024 and December 29, 2023, respectively. The Company’s self-insurance reserves for its automobile liability program totaled $8,833 and $5,554 at December 27, 2024 and December 29, 2023, respectively. Self-insurance reserves for workers’ compensation totaled $16,888 and $13,285 at December 27, 2024 and December 29, 2023, respectively. These self-insurance reserves are reflected within accrued liabilities on the Company’s consolidated balance sheets. WorkforceAs of December 27, 2024, approximately 2.9% of the Company’s employees are represented by unions, all of whom are operating under collective bargaining agreements which expire at various times between fiscal 2025 and 2027. Approximately 0.8% of the Company’s employees are under a collective bargaining agreement that expires in fiscal 2025.

Note 18 – Valuation Reserves

The following tables summarize the activity in our valuation accounts during the fiscal years ended December 27, 2024, December 29, 2023 and December 30, 2022:Balance at Beginning of PeriodAdditions Charged to ExpenseDeductions (1)Balance at End of PeriodAllowance for credit lossesDecember 27, 2024$21,423 $11,982 $(11,064)$22,341 December 29, 202320,733 8,078 (7,388)21,423 December 30, 202220,260 6,048 (5,575)20,733 

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Balance at Beginning of PeriodAdditions Charged to ExpenseDeductionsBalance at End of PeriodAllowance for deferred tax assetsDecember 27, 2024$2,119 $— $(2,