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Forgivable Loans
9 Months Ended
Sep. 30, 2017
Forgivable Loans  
Forgivable Loans

9. Forgivable Loans

        Forgivable loan activity for the fiscal year-to-date period ended September 30, 2017 and the fiscal year ended December 31, 2016 is as follows (in thousands):

                                                                                                                                                                                    

 

 

September 30,
2017

 

December 31,
2016

 

Beginning balance

 

$

33,962

 

$

44,685

 

Advances

 

 

10,134

 

 

6,949

 

Accruals

 

 

670

 

 

316

 

Repayments

 

 

(1,884

)

 

(709

)

Reclassification to other receivables

 

 

(1,102

)

 

 

Amortization

 

 

(10,293

)

 

(16,575

)

Effect of foreign currency translation

 

 

375

 

 

(704

)

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Ending balance

 

$

31,862

 

$

33,962

 

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Current portion of forgivable loans

 

$

6,474

 

$

5,897

 

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Non-current portion of forgivable loans

 

$

25,388

 

$

28,065

 

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