Other Long-Term Liabilities

6 Months Ended

Jun. 30, 2021

Liabilities, Other than Long-term Debt, Noncurrent [Abstract]

Other Long-Term Liabilities

12.Other Long-Term Liabilities

Other long-term liabilities at June 30, 2021 and December 31, 2020 consisted of the following:

	June 30, 2021		December 31, 2020
Sale-leaseback arrangement	$	16,350	$	16,712
CARES Act deferred payroll taxes		3,821		—
Deferred compensation		2,903		2,818
Accrual for insurance claims liabilities		242		307
Total other long-term liabilities	$	23,316	$	19,837

Sale-Leaseback Arrangement

On September 27, 2019, the Company entered into a purchase and sale agreement (the “Purchase and Sale Agreement”). Pursuant to the terms of the Purchase and Sale Agreement, the Company sold its 17300 & 17140 Market Street location in Channelview, Texas (the “Property”) for a purchase price of $19.1 million. Concurrent with the sale of the Property, the Company entered into a fifteen-year lease agreement (the “Lease Agreement”), whereby the Company will lease back the Property at an annual rental rate of approximately $1.5 million, subject to annual rent increases of 2.0%. Under the Lease Agreement, the Company has two consecutive options to extend the term of the Lease by ten years for each such option. This transaction was recorded as a failed sale-leaseback. The Company recorded a liability for the amounts received, will continue to depreciate the non-land portion of the asset, and has imputed an interest rate so that the net carrying amount of the financial liability and remaining assets will be zero at the end of the initial lease term. Concurrently with the sale, the Company paid $18.2 million towards the Term loan portion of the Company’s Credit Facility, consistent with terms of the Sixth Amendment.

CARES Act

On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) which among other things includes an optional payment deferral of the employer's portion of the Social Security taxes that were otherwise due through December 31, 2020. The Company elected to defer payments of approximately $7.6 million with $3.8 million due December 2021 reflected in accrued liabilities included in the Company’s Condensed Consolidated Balance Sheets and the remaining $3.8 million due

December 2022 reflected in other long-term liabilities in the Company’s Condensed Consolidated Balance Sheets.