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ACCOUNTS PAYABLE, ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES
12 Months Ended
Dec. 31, 2024
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 financing 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,
2024
2023
  
Payment obligations outstanding at the beginning of the period$9,057 $10,171 
     Payment obligation additions during the period
47,422 45,764 
     Payment obligations settled during the period
(50,512)(46,878)
Payment obligations outstanding at the end of the period$5,967 $9,057 


Accrued liabilities consisted of the following:
(in thousands)December 31, 2024December 31, 2023
  
Accrued employee compensation and related expenses$174,583 $174,375 
Accrued expenses165,550 113,596 
Accrued customer incentives and refund obligations78,195 84,386 
Accrued taxes62,252 86,553 
Current lease liabilities21,539 19,802 
Accrued liabilities$502,119 $478,712 

Other long-term liabilities consisted of the following:
(in thousands)December 31, 2024December 31, 2023
  
Accrued taxes$20,898 $39,642 
Other accrued long-term expenses23,443 25,884 
Other long-term liabilities$44,341 $65,526