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ACCOUNTS PAYABLE, ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES
12 Months Ended
Dec. 31, 2023
Accrued Liabilities, Current [Abstract]  
ACCOUNTS PAYABLE, ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES ACCOUNTS PAYABLE, ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES
Accounts Payable - Supplier Financing Program

We have an agreement with a third party to provide a supplier finance program, which facilitates participating suppliers’ ability to finance payment obligations from us with a designated third-party financial institution. Participating suppliers may, at their sole discretion, make offers to finance one or more of our payment obligations prior to their scheduled due dates at a discounted price. Our obligations to our suppliers, including amounts due and scheduled payment dates, are not impacted by suppliers’ decisions to finance amounts under these arrangements. The terms of payments are consistent with the terms of our trade payables. Activity related to the obligations is presented within operating activities on the consolidated statements of cash flows.

The changes in our outstanding payment obligations under the supplier financing arrangement, which are included in accounts payable on the consolidated balance sheets, are as follows:

(in thousands)For the Years Ended December 31,
20232022
  
Payment obligations outstanding at the beginning of the period$10,171 $4,775 
     Payment obligation additions during the period
45,765 58,936 
     Payment obligations settled during the period
(46,878)(53,540)
Payment obligations outstanding at the end of the period$9,057 $10,171 
Accrued liabilities consisted of the following:
(in thousands)December 31, 2023December 31, 2022
  
Accrued employee compensation and related expenses$174,375 $142,994 
Accrued expenses113,596 149,446 
Accrued taxes86,553 48,547 
Accrued customer incentives and refund obligations84,386 72,250 
Current lease liabilities19,802 20,425 
Accrued liabilities$478,712 $433,662 

Other long-term liabilities consisted of the following:
(in thousands)December 31, 2023December 31, 2022
  
Accrued taxes$39,642 $49,142 
Other accrued long-term expenses25,884 18,445 
Other long-term liabilities$65,526 $67,587