Accrued Liabilities (Notes)

9 Months Ended

Sep. 30, 2023

Accrued Liabilities [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Accrued Liabilities and Other Long-Term Liabilities

    Accrued liabilities consist of the following (in thousands): 

	As of
	September 30, 2023		December 31, 2022
Salaries and benefits	$	53,763	$	44,304
Incentive compensation	25,853		30,254
Operating lease liability-ST	19,850		18,169
Accrued sales taxes	6,440		5,844
Restructuring accrual	4,335		5,923
Deferred revenue	28,768		30,838
Accrued other taxes	5,657		5,794
Accrued professional fees	3,194		5,317
Italy medical device payback provision(1)	22,754		7,900
Legal accrual	1,601		3,137
Distribution fees	12,500		17,063
Warranties and returns	3,576		3,097
Field service corrective action(2)	26,382		24,517
Accrued freight	17,544		17,988
Foreign exchange contracts	1,890		1,847
Accrued research and development	—		3,538
Accrued audit fees	6,362		6,279
Defined benefit plan	2,064		2,928
Accrued interest	1,083		1,033
Other	7,708		6,999
	$	251,324	$	242,769

___________________________

(1)     As of December 31, 2022, there was $12.1 million in payback provision recorded as a reduction to accounts receivable, net. The Company reclassified such amount to accrued liabilities as of September 30, 2023. This amount was not reclassified as of December 31, 2022 to conform to the current year presentation.

(2)    Relates to field service 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 19: Commitments and Contingencies for further detail.

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

	As of
	September 30, 2023		December 31, 2022
Operating lease liability-LT	$	57,277	$	60,916
Benefits	4,999		5,314
Accrued rent	864		997
Finance lease liability-LT	2,018		1,855
Deferred revenue	11,836		16,239
Field service corrective action(1)	19,470		25,294
Other	3,541		3,489
	$	100,005	$	114,104