Forgivable Loans (Tables)

6 Months Ended

Jul. 02, 2022

Forgivable Loans

Schedule of forgivable loan activity

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

	Fiscal Year-to-Date Period Ended		Fiscal Year Ended
	July 2, 2022		January 1, 2022
Beginning balance	$	48,591	$	61,613
Advances	22,154		14,528
Repayments	(25)		(69)
Reclassifications from accrued expenses or to other assets (1)	(1,411)		(2,229)
Amortization	(12,096)		(25,187)
Effects of foreign currency translation	(387)		(65)
Ending balance	$	56,826	$	48,591
Current portion of forgivable loans	$	11,731	$	10,571
Non-current portion of forgivable loans	$	45,095	$	38,020

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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.