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Forgivable Loans
3 Months Ended
Mar. 31, 2018
Forgivable Loans  
Forgivable Loans

 

10. Forgivable Loans

        Forgivable loan activity for the fiscal quarter ended March 31, 2018 and the fiscal year ended December 30, 2017 is as follows (in thousands):

                                                                                                                                                                                    

 

 

March 31,
2018

 

December 30,
2017

 

Beginning balance

 

$

28,628

 

$

33,962

 

Advances

 

 

23,028

 

 

11,672

 

Repayments

 

 

(3,333

)

 

(2,135

)

Reclassification to other assets

 

 

 

 

(1,100

)

Amortization

 

 

(3,552

)

 

(14,155

)

Effects of foreign currency translation

 

 

22

 

 

384

 

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​  

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Ending balance

 

$

44,793

 

$

28,628

 

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​  

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Current portion of forgivable loans

 

$

6,651

 

$

5,540

 

​  

​  

​  

​  

​  

​  

​  

​  

Non-current portion of forgivable loans

 

$

38,142

 

$

23,088

 

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