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VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS
 12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS VENTURE CAPITAL AND STRATEGIC EQUITY INVESTMENTS
Venture capital investments are summarized below:
December 31, 2022December 25, 2021December 26, 2020
(in thousands)
Beginning balance$149,640 $197,100 $108,983 
Capital contributions14,485 18,023 14,456 
Distributions(9,861)(40,205)(27,586)
Gain (loss)(24,398)(23,201)101,288 
Foreign currency translation(854)(2,077)(41)
Ending balance$129,012 $149,640 $197,100 
The Company also invests, with minority positions, directly in equity of predominantly privately-held companies. Strategic investments are summarized below:
December 31, 2022December 25, 2021December 26, 2020
(in thousands)
Beginning balance$51,712 $24,704 $13,996 
Acquired investments142,477 35,540 10,748 
Distributions(2,732)(789)— 
Gain (loss)(2,377)(7,219)(427)
Foreign currency translation(6,490)(524)387 
Ending balance$182,590 $51,712 $24,704 
In April 2022, the Company acquired a 49% equity interest in a supplier supporting the DSA reportable segment (the Investee) for $90.0 million up front and an additional future contingent payment of up to $5.0 million based upon the Investee’s future performance. The total allocable basis of the investment exceeds the proportional interest in the Investee’s underlying net assets by $86.7 million, which has been allocated primarily to goodwill, intangible assets (client relationships and backlog), and deferred tax liabilities in the amount of $26.2 million, $71.2 million, and $10.7 million respectively.