Other Accrued Liabilities and Other Long-Term Liabilities

12 Months Ended

Dec. 30, 2023

Other Liabilities Disclosure [Abstract]

Other Accrued Liabilities and Other Long-Term Liabilities

Note 13. Other Accrued Liabilities and Other Long-Term Liabilities

Other accrued liabilities consist of (amounts in thousands):

	December 30, 2023		December 31, 2022
Employee compensation	$	28,000	$	26,762
VSIP		1,429		—
Employee vacation		17,699		16,058
Employee bonus		28,004		29,526
Fair value of derivative instruments		1,918		1,149
Self-insurance reserves		38,003		30,599
Bank overdraft		18,180		17,960
Accrued interest		7,516		7,127
Accrued taxes		7,984		11,970
Accrued legal costs		3,798		3,021
Accrued advertising		2,333		4,813
Accrued legal settlements		55,000		5,500
Accrued short term deferred income		3,217		3,893
Accrued utilities		6,121		6,861
Acquisition consideration adjustment		—		753
Collateral from counterparties for derivative positions		3,230		3,085
Multi-employer pension plan withdrawal liability		1,297		1,297
Repurchase obligations of distribution rights		64,583		432
Other		4,634		4,470
Total	$	292,946	$	175,276

In the third quarter of Fiscal 2023, we reached an agreement to settle certain distributor-related litigation for a settlement payment, inclusive of plaintiffs’ attorney fees, of $55.0 million. The settlement also requires a phased repurchase of approximately 350 distribution territories. The company estimated the cost of these repurchases, and an additional 50 other California distribution territories 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 23, 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 made the final payment in Fiscal 2023.

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

	December 30, 2023		December 31, 2022
Deferred income	$	7,222	$	11,235
Deferred compensation		26,207		23,675
Other deferred credits		185		382
Other		323		406
Total	$	33,937	$	35,698