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Other Liabilities | 6 Months Ended
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Jul. 02, 2017
Payables And Accruals [Abstract] |
Other Liabilities | 12.Other Liabilities Other liabilities consisted of the following:
(in thousands) |  | July 2, 2017 |  |  | January 1, 2017 |
Non-current portion of acquisition related contingent consideration |  | $ | 299,528 |  |  | $ | 237,655 |
Accruals for executive benefit plans |  |  | 124,798 |  |  |  | 123,078 |
Non-current deferred proceeds from conversion of Legacy Territories bottling agreements |  |  | 88,592 |  |  |  | - |
Other |  |  | 19,652 |  |  |  | 17,839 |
Total other liabilities |  | $ | 532,570 |  |  | $ | 378,572 |
Pursuant to a territory conversion agreement entered into by the Company, The Coca‑Cola Company and CCR in September 2015 (as amended), upon the conversion of the Company’s bottling agreements to the Final CBA on March 31, 2017, the Company received a one-time fee from CCR, which was subject to a final adjustment. During the second quarter of 2017, the fee was finalized and increased by $4.4 million, for a total of $91.5 million. The total fee was recorded as a deferred liability and will be amortized as a reduction to cost of sales over a period of 40 years. On July 2, 2017, $2.3 million of this fee was recorded in accrued liabilities, $88.6 million of this fee was recorded to other liabilities and $0.6 million was amortized on the consolidated condensed financial statements.

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