3. Noncompetition Agreements

6 Months Ended

Jun. 27, 2020

Compensation Related Costs [Abstract]

Noncompetition Agreements

(3)   Noncompetition Agreements

     The former CEO’s employment agreement provided for him to receive noncompetition payments in connection with the Leucadia Transaction. He will continue to receive noncompetition payments of approximately $845,000 per year during calendar years 2020 and 2021.

     The current CEO’s employment agreement provides for him to receive noncompetition payments for a twelve-month period following his termination of employment with USPB.

     As of June 27, 2020 and December 28, 2019, the Company had accrued $1.6 million and $1.9 million, respectively, for the noncompetition agreements. The current and long-term portion of the accrued amounts are included in Accrued compensation and benefits and Other liabilities, respectively, on the balance sheet. The table below summarizes the current and long-term portions of the accrued non-compete amounts (thousands of dollars):

	June 27, 2020		December 28, 2019
Current non-compete	$	848	$	848
Long-term non-compete		718		1,089
	$	1,566	$	1,937