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Prepaid Expenses and Other Current Assets, and Other Assets
3 Months Ended
Mar. 29, 2014
Prepaid Expenses and Other Current Assets, and Other Assets  
Prepaid Expenses and Other Current Assets, and Other Assets

6. Prepaid Expenses and Other Current Assets, and Other Assets

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

 
  March 29,
2014
  December 28,
2013
 

Term loans to employees

  $ 1,764   $ 1,764  

Other

    7,914     10,001  
           

Total

  $ 9,678   $ 11,775  
           
           

        Other assets consist of the following (in thousands):

 
  March 29,
2014
  December 28,
2013
 

Forgivable loans to employees and non-employee experts

  $ 52,613   $ 51,083  

Other

    3,217     3,538  
           

Total

  $ 55,830   $ 54,621  
           
           

        In order to attract and retain highly skilled professionals, CRA may issue forgivable loans or term loans to employees and non-employee experts which are classified in "prepaid expenses and other current assets" and "other assets" within the accompanying balance sheets as of March 29, 2014 and December 28, 2013. A portion of the term loans are collateralized. The forgivable loans have terms that are generally between three and eight years. The principal amount of forgivable loans and accrued interest is forgiven by CRA over the term of the loans, so long as the employee or non-employee expert continues employment or affiliation with CRA 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 first quarter of fiscal 2014, CRA issued approximately $5.0 million in forgivable loans to employees and non-employee experts for future service. As of March 29, 2014, CRA had obligations to issue approximately $4.3 million in forgivable loans to employees, future employees, and non-employee experts for future service, which are included in the $52.6 million of such loans reported as of March 29, 2014 in the table above. CRA expects that the $4.3 million in loans will be issued, and the corresponding payments will be made, before the end of the third quarter of fiscal 2014.