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VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS
 3 Months Ended
Mar. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS
Venture capital investments are summarized below:
Three Months Ended
March 30, 2024April 1, 2023
(in thousands)
Beginning balance$121,158 $129,012 
Capital contributions3,829 3,214 
Distributions(9,353)(7,217)
Gains (losses)
8,174 (6,848)
Foreign currency translation(100)260 
Ending balance$123,708 $118,421 
The Company also invests, with minority positions, directly in equity of predominantly privately held companies. Strategic investments are summarized below:
Three Months Ended
March 30, 2024April 1, 2023
(in thousands)
Beginning balance$122,653 $182,590 
Purchase of investments— 9,266 
Distributions— (4,146)
Gain (loss)(2,294)3,566 
Reduction for acquisition of entity (1)
— (12,635)
Foreign currency translation(524)(3,275)
Ending balance$119,835 $175,366 
(1) Refer to Note 2. Acquisitions for further discussion on the SAMDI acquisition.