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Forgivable Loans
6 Months Ended
Jul. 01, 2017
Forgivable Loans  
Forgivable Loans

9. Forgivable Loans

        Forgivable loan activity for the fiscal year-to-date period ended July 1, 2017 and fiscal year ended December 31, 2016 is as follows (in thousands):

                                                                                                                                                                                    

 

 

July 1,
2017

 

December 31,
2016

 

Beginning balance

 

$

33,962

 

$

44,685

 

Advances

 

 

4,205

 

 

6,949

 

Accruals

 

 

 

 

316

 

Repayments

 

 

(130

)

 

(709

)

Reclassification to other receivables

 

 

(1,852

)

 

 

Amortization

 

 

(6,873

)

 

(16,575

)

Effect of foreign currency translation

 

 

218

 

 

(704

)

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​  

​  

​  

Ending balance

 

$

29,530

 

$

33,962

 

​  

​  

​  

​  

​  

​  

​  

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Current portion of forgivable loans

 

$

7,319

 

$

5,897

 

​  

​  

​  

​  

​  

​  

​  

​  

Non-current portion of forgivable loans

 

$

22,211

 

$

28,065

 

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