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DEFERRED COMPENSATION ARRANGEMENTS
12 Months Ended
Dec. 31, 2024
DEFERRED COMPENSATION ARRANGEMENTS  
DEFERRED COMPENSATION ARRANGEMENTS

12. DEFERRED COMPENSATION ARRANGEMENTS

The Company has a deferred compensation arrangement with its Chief Executive Officer. This arrangement provides the Board and its committees with another mechanism to provide pay for performance based incentive compensation. It also allows the Chief Executive Officer to make certain deferrals into the plan. The amount of the liability is comprised of liabilities from previous contributions. Amounts accrued relating to previous periods are $4,647 and $4,305 as of December 31, 2024 and 2023, respectively, which is included in other long-term liabilities in the consolidated balance sheets at December 31, 2024 and 2023.