Employee Compensation Plans

9 Months Ended

Sep. 30, 2023

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 30, 2023 and December 31, 2022, the Company had accrued $9.6 million and $10.4 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 (thousands of dollars):

	September 30, 2023		December 31, 2022
	(unaudited)
Accrued compensation and benefits	$	166	$	1,210
Other liabilities		9,398		9,202
Total phantom accrual	$	9,564	$	10,412

USPB provides its employees the opportunity to earn cash incentives and bonuses. As of September 30, 2023 and December 31, 2022, the Company had accrued $0.8 million and $1.5 million, respectively, for the cash incentive and bonus plans. The accrued amounts are included in Accrued compensation and benefits on the balance sheet.