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Prepaid Expenses and Other Assets

9 Months Ended

Sep. 29, 2012

11. Prepaid Expenses and Other Assets

Prepaid expenses and other assets consist of the following (in thousands):

	September 29, 2012		December 31, 2011

Loans and advances to employees and non-employee experts	$	12,779	$	3,218
Prepaid rent and deposits		2,508		1,191
Prepaid insurance		2,309		1,515
Subscriptions and licenses		1,481		1,170
Other		1,455		1,130

Total	$	20,532	$	8,224

In order to attract and retain highly skilled professionals, the Company may issue forgivable loans or advances to employees and non-employee experts. A portion of these loans are collateralized. The majority of these loans are unsecured with terms of generally three to five years. The principal amount and accrued interest is forgiven by the Company over the term of the loans, so long as the employee or non-employee expert continues employment or affiliation with the Company and complies with certain contractual requirements. The expense associated with the forgiveness of the principal amount of the loans is recorded as compensation expense over the service period, which is consistent with the term of the loans. During the third quarter of fiscal 2012, the Company issued approximately $9.8 million in forgivable loans to employees and non-employee experts for future service.