Employee Compensation Plans

9 Months Ended

Sep. 24, 2022

Retirement Benefits [Abstract]

Employee Compensation Plans

(4) Employee Compensation Plans

In September 2010, USPB’s Board of Directors approved a management phantom unit plan and subsequently awarded phantom units in fiscal years 2010 and 2013. As of September 24, 2022 and December 25, 2021, the Company had accrued $10.0 million and $7.9 million, respectively, for the management phantom awards. The accrued amounts are included in Accrued compensation and benefits and Other liabilities on the balance sheet. The table below summarizes the current and long-term portions of the accrued amounts:

	September 24, 2022		December 25, 2021
	(thousands of dollars)
Accrued compensation and benefits	$	879	$	707
Other liabilities		9,119		7,157
Total phantom accrual	$	9,998	$	7,864

USPB provides its employees the opportunity to earn cash incentives and bonuses. As of September 24, 2022 and December 25, 2021, the Company had accrued $1.1 million and $1.4 million, respectively, for the cash incentive and bonus plans. The accrued amounts are included in Accrued compensation and benefits on the balance sheet.