v3.26.1
Forgivable Loans (Tables)
 3 Months Ended
Apr. 04, 2026
Forgivable Loans  
Schedule of forgivable loan activity
The following table presents forgivable loan activity for the respective periods (in thousands):
Fiscal Quarter EndedFiscal Year Ended
April 4,
2026		January 3,
2026
Beginning balance$106,997 $55,492 
Advances62,367 87,909 
Repayments(50)(1,933)
Reclassifications from accrued expenses or to other assets (1)
(15,644)(2,203)
Amortization (2)
(9,685)(32,721)
Effects of foreign currency translation(100)453 
Ending balance$143,885 $106,997 
Current portion of forgivable loans$25,925 $16,726 
Non-current portion of forgivable loans$117,960 $90,271 
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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.
(2)During the fiscal quarter ended April 4, 2026, approximately $0.1 million of amortization was accelerated due to involuntary terminations. During the fiscal year ended January 3, 2026, approximately $1.1 million of amortization was accelerated due to terminations.