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Prepaid Expenses and Other Current Assets
 12 Months Ended
Dec. 31, 2023
Prepaid Expense and Other Assets, Current [Abstract]  
Prepaid Expenses and Other Current Assets
8.
Prepaid Expenses and Other Current Assets

 

The table below presents the components of prepaid expenses and other current assets.

 

 

 

As of

 

(in thousands)

 

December 31, 2023

 

 

January 1, 2023

 

Amounts owed by equity method investees

 

$

1,323

 

 

$

1,492

 

Prepayments and accrued income

 

 

35,688

 

 

 

27,416

 

Contract assets

 

 

3,778

 

 

 

9,344

 

Inventory supplier advances

 

 

18,656

 

 

 

14,275

 

Other receivables

 

 

53,067

 

 

 

38,574

 

Total prepaid expenses and other current assets

 

$

112,512

 

 

$

91,101

 

 

Inventory supplier advances primarily relate to cash deposits paid to the Company's suppliers of furniture for its retail operation.