Accounts Payable and Accrued Expenses

3 Months Ended

Mar. 30, 2018

Vencore Holding Corp. and KGS Holding Corp.

Schedule of Payables and Accruals [Line Items]

Accounts payable and accrued expenses consisted of the following (in thousands):



	As of December 31,				As of March 30,
	2016		2017		2018
					(Unaudited)
Vendor payables	$	46,799	$	48,329	$	49,334
Accrued expenses	16,753		32,004		32,791
Total accounts payable and accrued expenses	$	63,552	$	80,333	$	82,125

Vendor payables consist of all invoices received but not yet paid by the Company. Accrued expenses include direct and indirect contract accruals.

Accrued Compensation and Benefits

Accrued compensation and benefits consisted of the following (in thousands):



	As of December 31,				As of March 30,
	2016		2017		2018
					(Unaudited)
Paid time off	$	30,421	$	28,956	$	31,317
Accrued payroll and payroll taxes	25,697		26,213		15,619
Incentive bonus plan	16,142		16,829		5,059
Share based compensation liability	6,600		10,216		10,493
Other	721		146		435
Total accrued compensation and benefits	$	79,581	$	82,360	$	62,923

The Company offers paid time off as a benefit to its employees, ranging from 2 to 4 weeks per year based on tenure. Accrued payroll and taxes reflect accruals for amounts to be paid in the next pay period. Share‑based compensation liability awards are offered to certain executive officers; refer to “Note 21 - Share‑Based Compensation” for additional details. Incentive bonus plans are offered to certain members of management and are based upon the Company’s financial performance and individual performance.