Other Accrued Liabilities and Other Long-Term Liabilities

9 Months Ended

Oct. 07, 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):

	October 7, 2023		December 31, 2022
Employee compensation	$	29,559	$	26,762
Employee vacation		17,953		16,058
VSIP		1,429		—
Employee bonus		22,945		29,526
Fair value of derivative instruments		744		1,149
Self-insurance reserves		34,292		30,599
Bank overdraft		11,268		17,960
Accrued interest		1,671		7,127
Accrued utilities		6,188		6,861
Accrued taxes		21,546		11,970
Accrued advertising		5,142		4,813
Accrued legal settlements		55,000		5,500
Accrued legal costs		4,940		3,021
Accrued short-term deferred income		3,314		3,893
Collateral due to counterparties for derivative positions		3,407		3,085
Acquisition consideration adjustment		753		753
Multi-employer pension plan withdrawal liability		1,297		1,297
Repurchase obligations of distribution rights		65,332		432
Other		4,738		4,470
Total	$	291,518	$	175,276

The repurchase of distribution rights is part of a legal settlement which requires a phased repurchase of approximately 350 distribution rights. The company estimated the cost of these repurchases, and an additional 50 other California distribution rights that are not part of the settlement, in accordance with the settlement agreement and the amount is net of the remaining notes receivable balance. See Note 15, Commitments and Contingencies, for details on this settlement.

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.

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

	October 7, 2023		December 31, 2022
Deferred income	$	8,404	$	11,235
Deferred compensation		25,435		23,675
Other deferred credits		217		382
Other		311		406
Total	$	34,367	$	35,698