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Forgivable Loans (Tables)

9 Months Ended

Sep. 27, 2025

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


	September 27, 2025		December 28, 2024
Beginning balance	$	55,492	$	53,941
Advances	70,338		45,494
Repayments	(1,933)		(2,761)
Reclassifications from accrued expenses or to other assets (1)	(333)		(9,989)
Amortization (2)	(22,605)		(31,055)
Effects of foreign currency translation	387		(138)
Ending balance	$	101,346	$	55,492
Current portion of forgivable loans	$	20,881	$	6,535
Non-current portion of forgivable loans	$	80,465	$	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 September 27, 2025 and fiscal year ended December 28, 2024, approximately $1.1 million and $5.7 million, respectively, of amortization was accelerated due to terminations.