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Forgivable Loans (Tables)
9 Months Ended
Sep. 28, 2024
Forgivable Loans  
Schedule of forgivable loan activity
The following table presents forgivable loan activity for the respective periods (in thousands):
September 28,
2024
December 30,
2023
Beginning balance$53,941 $56,456 
Advances38,388 23,342 
Repayments(288)(1,816)
Reclassifications from accrued expenses or to other assets (1)
(8,965)— 
Amortization (2)
(24,141)(24,198)
Effects of foreign currency translation44 157 
Ending balance$58,979 $53,941 
Current portion of forgivable loans$10,478 $8,759 
Non-current portion of forgivable loans$48,501 $45,182 
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(1)Relates to the reclassification of performance awards previously recorded as accrued expenses or forgivable loans that have been reclassified to other receivables.
(2)During the quarter ended June 29, 2024, approximately $5.7 million of amortization was accelerated due to involuntary terminations.