Accrued Liabilities an Other Long-term Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Accrued Liabilities and Other Liabilities [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

Accrued liabilities consist of the following (in thousands):

	As of December 31,
	2022		2021
Salaries and benefits	$	44,304	$	27,304
Incentive compensation	30,254		33,107
Operating lease liability-ST	18,169		9,009
Accrued professional fees	5,317		773
Field service corrective action(1)	24,517		—
Legal accrual	3,137		3,897
Accrued sales taxes	5,844		1,980
Warranties and returns	3,097		532
Deferred revenue	30,838		12,646
Accrued other taxes	5,794		4,337
Distribution fees	17,063		5,645
Accrued freight	17,988		9,194
Restructuring accrual	5,923		664
Foreign exchange contracts	1,847		—
Accrued audit fees	6,279		1,008
Defined benefit plan	2,928		—
Accrued interest	1,033		—
Accrued research and development	3,538		—
Other	14,899		8,099
	$	242,769	$	118,195

_____________________________

(1) Includes field corrective actions associated with certain products in connection with a 2021 Warning Letter received by Smiths Medical from the FDA following an inspection of Smiths Medical's Oakdale, Minnesota Facility, see Note 15: Commitments and Contingencies for further detail.

Other Liabilities

Other long-term liabilities consist of the following (in thousands):

	As of December 31,
	2022		2021
Operating lease liability-LT	$	60,916	$	33,971
Finance lease liability-LT	1,855		2,067
Deferred revenue	16,239		—
Forward-starting interest rate swaps	—		1,480
Benefits	5,314		1,369
Field service corrective action(1)	25,294		—
Accrued rent	997		1,262
Other	3,489		1,681
	$	114,104	$	41,830

_______________________________

(1)     Includes field corrective actions associated with certain products in connection with a 2021 Warning Letter received by Smiths Medical from the FDA following an inspection of Smiths Medical's Oakdale, Minnesota Facility, see Note 15: Commitments and Contingencies for further detail.