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ACCOUNTS PAYABLE, ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES
12 Months Ended
Dec. 31, 2025
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, were as follows:

(in thousands)For the Years Ended December 31,
20252024
  
Payment obligations outstanding at the beginning of the period$5,967 $9,057 
     Payment obligation additions during the period
56,475 47,422 
     Payment obligations settled during the period
(56,193)(50,512)
Payment obligations outstanding at the end of the period$6,249 $5,967 

Accrued liabilities consisted of the following:
(in thousands)December 31, 2025December 31, 2024
  
Accrued employee compensation and related expenses$212,444 $174,583 
Accrued expenses114,331 165,550 
Accrued taxes88,668 62,252 
Accrued customer incentives and refund obligations87,630 78,195 
Current lease liabilities27,074 21,539 
Total accrued liabilities
$530,147 $502,119 

Other long-term liabilities consisted of the following:
(in thousands)December 31, 2025December 31, 2024
  
Accrued taxes$14,452 $20,898 
Other accrued long-term expenses42,075 23,443 
Total other long-term liabilities
$56,527 $44,341