Accounts Receivable, Net and Supplemental Balance-Sheet Information

3 Months Ended

Apr. 04, 2026

Accounts Receivable, Net and Supplemental Balance-Sheet Information [Abstract] [Abstract]

Accounts receivable net and supplemental balance-sheet information [Text Block]

Accounts Receivable, Net and Supplemental Balance-Sheet Information

Accounts receivable, net, consisted of the following:


Accounts receivable, net	April 4, 2026		December 31, 2025
Accounts receivable	$	257,917	$	271,949
Unbilled receivables (1)	138,905		116,548
	396,822		388,497
Less allowances for credit losses	3,737		3,027
Accounts receivable, net	$	393,085	$	385,470

(1) Unbilled receivables consists of contract assets arising from revenue recognized but not yet billed in accordance with the terms of contracts, primarily with utility services customers.

The following items comprised the amounts included in the balance sheets:


Other current assets	April 4, 2026		December 31, 2025
Refundable income taxes	$	15,894	$	9,184
Prepaid expenses	31,372		40,940

Mitigation bank credit inventory	33,332		32,453
Assets invested for self-insurance	10,278		12,576
Payroll taxes refundable	7,855		7,855
Other	2,120		1,519
Total	$	100,851	$	104,527


Property and equipment, net	April 4, 2026		December 31, 2025
Land and land improvements	$	34,005	$	31,474
Buildings and leasehold improvements	181,308		177,279
Equipment	839,839		805,062
	1,055,152		1,013,815
Less accumulated depreciation	552,062		542,615
Total	$	503,090	$	471,200


Other assets, noncurrent	April 4, 2026		December 31, 2025
Investment--cost-method affiliate	$	1,710	$	1,405

Cloud computing arrangements	376		391

Other	9,972		8,152
Total	$	12,058	$	9,948


Accrued expenses	April 4, 2026		December 31, 2025
Employee compensation	$	24,053	$	44,109
Accrued compensated absences	17,380		16,785
Self-insured medical claims	4,469		3,269

Customer advances, deposits	3,877		1,254
Taxes, other than income	17,702		8,498

Other	11,013		13,956
Total	$	78,494	$	87,871


Other current liabilities	April 4, 2026		December 31, 2025


Current portion of:
Lease liability-operating leases	$	27,331	$	28,920
Contingent consideration	4,547		—
Self-insurance accruals	81,537		85,176
Total	$	113,415	$	114,096


Other noncurrent liabilities	April 4, 2026		December 31, 2025
Non-qualified deferred compensation and benefit plans	$	5,850	$	5,699
Deferred income taxes	4,762		4,812

Contingent consideration	20,853		—
Other	11,473		10,942
Total	$	42,938	$	21,453

DAVEY TREE EXPERT CO 10-Q