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Accrued Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2024
Accrued Liabilities [Abstract] |
Schedule of Accrued Liabilities [Table Text Block] | Accrued liabilities consist of the following (in thousands):
| As of
| September 30, 2024 |  | December 31, 2023
Salaries and benefits | $ | 68,206 |  |  | $ | 52,250 |
Incentive compensation | 53,884 |  |  | 37,992 |
Operating lease liability-ST | 17,094 |  |  | 20,161 |
Accrued sales taxes | 4,931 |  |  | 6,748 |
Restructuring accrual | 10,763 |  |  | 3,568 |
Deferred revenue | 26,932 |  |  | 31,640 |
Accrued other taxes | 6,846 |  |  | 3,024 |
Accrued professional fees | 4,503 |  |  | 2,803 |
Italy medical device payback provision(1) | 25,169 |  |  | 23,176 |
Legal accrual | 2,715 |  |  | 1,874 |
Distribution fees | 20,778 |  |  | 13,049 |
Warranties and returns | 3,564 |  |  | 3,682 |
Field service corrective action(2) | 38,599 |  |  | 30,281 |
Accrued freight | 16,118 |  |  | 17,215 |
Foreign exchange contracts | 9,878 |  |  | 2,590 |
Accrued audit fees | 4,943 |  |  | 5,492 |
Defined benefit plan | 2,019 |  |  | 2,575 |
Accrued interest | 680 |  |  | 1,431 |
Other | 8,106 |  |  | 8,664 |
| $ | 325,728 |  |  | $ | 268,215 |
___________________________ (1) Related to potential payments associated with the IMDP (as defined below) as a result of 2015 legislation enacted requiring medical device companies to make payments to the Italian government based on regional expenditure ceilings (see Note 18: Commitments and Contingencies for further details). (2) Primarily includes field service corrective actions associated with certain products in connection with a 2021 Warning Letter (as defined below) received by Smiths Medical from the FDA following an inspection of Smiths Medical’s Oakdale, Minnesota Facility (see Note 18: Commitments and Contingencies for further details). Other long-term liabilities consist of the following (in thousands):
| As of
| September 30, 2024 |  | December 31, 2023
Operating lease liability-LT | $ | 45,328 |  |  | $ | 52,972 |
Benefits | 3,909 |  |  | 4,207 |
Accrued rent | 699 |  |  | 841 |
Finance lease liability-LT | 2,240 |  |  | 1,954 |
Deferred revenue | 10,036 |  |  | 10,585 |
Field service corrective action(1) | 12,599 |  |  | 26,056 |
Other | 5,578 |  |  | 3,882 |
| $ | 80,389 |  |  | $ | 100,497 |

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