Forgivable Loans (Tables)

3 Months Ended

Apr. 03, 2021

Forgivable Loans

Schedule of forgivable loan activity

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

	Fiscal Quarter Ended		Fiscal Year Ended
	April 3, 2021		January 2, 2021
Beginning balance	$	61,613	$	55,141
Advances	2,153		42,418
Reclassification from accrued expenses / to other assets (1)	—		(9,713)
Amortization	(6,295)		(26,628)
Effects of foreign currency translation	88		395
Ending balance	$	57,559	$	61,613
Current portion of forgivable loans	$	13,196	$	14,749
Non-current portion of forgivable loans	$	44,363	$	46,864

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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.