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Forgivable Loans (Tables)

6 Months Ended

Jun. 28, 2025

The following table presents forgivable loan activity for the respective periods (in thousands):


	June 28, 2025		December 28, 2024
Beginning balance	$	55,492	$	53,941
Advances	40,938		45,494
Repayments	(600)		(2,761)
Reclassifications from accrued expenses or to other assets (1)	—		(9,989)
Amortization (2)	(14,080)		(31,055)
Effects of foreign currency translation	564		(138)
Ending balance	$	82,314	$	55,492
Current portion of forgivable loans	$	17,961	$	6,535
Non-current portion of forgivable loans	$	64,353	$	48,957

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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 fiscal year-to-date period ended June 28, 2025 and fiscal year ended December 28, 2024, approximately $0.04 million and $5.7 million, respectively, of amortization was accelerated due to involuntary terminations.