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SUPPLEMENTAL BALANCE SHEET INFORMATION
12 Months Ended
Dec. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION SUPPLEMENTAL BALANCE SHEET INFORMATION
Accounts receivable allowance for credit losses
(in thousands)202420232022
Beginning balance$2,005 $3,212 $6,687 
Current period provision2,321 4,972 4,462 
Write-offs(3,314)(6,184)(7,917)
Foreign currency translation(3)(20)
Ending balance$1,009 $2,005 $3,212 
Prepaid expenses and other current assets
(in thousands)December 29,
2024
December 31,
2023
Prepaid software agreements$8,501 $8,435 
Other prepaid expenses6,329 9,355 
Assets held-for-sale
11,759 4,845 
Other current assets5,197 6,259 
Prepaid expenses and other current assets$31,786 $28,894 
Other current liabilities
(in thousands)December 29,
2024
December 31,
2023
Contract liabilities
$1,723 $1,844 
Liabilities held-for-sale
— 1,998 
Other current liabilities
5,252 6,529 
Other current liabilities
$6,975 $10,371 
Assets and liabilities held-for-sale
During the fiscal year ended December 29, 2024, following an evaluation of our office space and business requirements, all criteria for classifying our Tacoma headquarters office building as held-for-sale were met, and we ceased recording depreciation expense. Completion of the sale of the building is expected within a year from December 29, 2024. The estimated fair value of the disposal group, less estimated costs to sell, exceeds its carrying value of $11.8 million, and therefore no impairment charge was recorded during the fiscal year ended December 29, 2024.
Assets and liabilities held-for-sale as of December 31, 2023 represented the amounts included as part of the disposal group related to the eventual divestiture of PeopleReady Canada, which was finalized during the fiscal first quarter of 2024. Refer to Note 2: Divestiture for additional details.
Property and equipment
(in thousands)December 29,
2024
December 31,
2023
Buildings and land$23,537 $46,818 
Software220,095 201,235 
Computers, furniture and equipment37,885 38,706 
Construction in progress838 2,670 
Gross property and equipment282,355 289,429 
Less accumulated depreciation(192,753)(184,523)
Property and equipment, net$89,602 $104,906 
Capitalized software costs, net of accumulated depreciation, were $76.3 million and $73.3 million as of December 29, 2024 and December 31, 2023, respectively, excluding amounts in construction in progress. Construction in progress consists primarily of purchased and internally-developed software.
Depreciation expense for property and equipment, inclusive of depreciation included in cost of services, totaled $25.5 million, $20.6 million and $23.5 million for the fiscal years ended December 29, 2024, December 31, 2023 and December 25, 2022, respectively. For the fiscal year ended December 29, 2024, depreciation expense of $0.9 million was included in cost of services.