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Forgivable Loans (Tables)
6 Months Ended
Jun. 29, 2019
Forgivable Loans  
Schedule of forgivable loan activity

 

Forgivable loan activity for the fiscal year-to-date period ended June 29, 2019 and the fiscal year ended December 29, 2018 is as follows (in thousands):

 

 

 

 

 

 

 

 

 

    

June 29,

 

December 29,

 

 

2019

    

2018

Beginning balance

 

$

40,294

 

$

28,628

Advances

 

 

23,883

 

 

30,572

Repayments

 

 

(700)

 

 

(3,396)

Reclassification from accrued expenses

 

 

(1,121)

 

 

Amortization

 

 

(8,804)

 

 

(15,329)

Effects of foreign currency translation

 

 

25

 

 

(181)

Ending balance

 

$

53,577

 

$

40,294

Current portion of forgivable loans

 

$

7,978

 

$

6,104

Non-current portion of forgivable loans

 

$

45,599

 

$

34,190