Other Accrued Liabilities and Other Long-Term Liabilities

4 Months Ended

Apr. 22, 2023

Other Liabilities Disclosure [Abstract]

Other Accrued Liabilities and Other Long-Term Liabilities

11. OTHER ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES

Other accrued liabilities consist of (amounts in thousands):

	April 22, 2023		December 31, 2022
Employee compensation	$	27,596	$	26,762
Employee vacation		19,043		16,058
VSIP		3,418		—
Employee bonus		6,974		29,526
Fair value of derivative instruments		3,159		1,149
Self-insurance reserves		30,594		30,599
Bank overdraft		13,699		17,960
Accrued interest		2,443		7,127
Accrued utilities		5,635		6,861
Accrued taxes		9,672		11,970
Accrued advertising		4,562		4,813
Accrued legal settlements		—		5,500
Accrued legal costs		4,064		3,021
Accrued short-term deferred income		3,763		3,893
Collateral due to counterparties for derivative positions		2,961		3,085
Acquisition consideration adjustment		753		753
Net working capital purchase price adjustment payable		3,075		—
Multi-employer pension plan withdrawal liability		1,297		1,297
Repurchase obligations of distribution rights		—		432
Other		5,419		4,470
Total	$	148,127	$	175,276

The acquisition consideration adjustment is in connection with an acquisition completed in Fiscal 2012, the company agreed to make the sellers whole for certain taxes incurred by the sellers on the sale. In Fiscal 2021, there was a tax determination that the sellers owed additional taxes of $3.4 million, and the company recorded this cost in the selling, distribution and administrative expenses line item of the Condensed Consolidated Statements of Income during the second quarter of Fiscal 2021. During Fiscal 2022, the company reached an agreement to settle this issue and made a partial payment in Fiscal 2022 and anticipates making the final payment in Fiscal 2023.

The net working capital purchase price adjustment payable is part of the Papa Pita acquisition which was completed on February 17, 2023. See Note 4, Acquisition, for details about the acquisition.

Other long-term liabilities consist of (amounts in thousands):

	April 22, 2023		December 31, 2022
Deferred income	$	9,878	$	11,235
Deferred compensation		25,385		23,675
Other deferred credits		279		382
Other		601		406
Total	$	36,143	$	35,698