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Other Accrued Liabilities and Other Long-Term Liabilities | 6 Months Ended
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Jul. 17, 2021
Other Liabilities Disclosure [Abstract] |
Other Accrued Liabilities and Other Long-Term Liabilities | 10. OTHER ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES Other accrued liabilities consist of (amounts in thousands):
|  | July 17, 2021 |  |  | January 2, 2021 |
Employee compensation |  | $ | 28,054 |  |  | $ | 28,826 |
VSIP and RIF liabilities |  |  | — |  |  |  | 1,508 |
Employee vacation |  |  | 18,584 |  |  |  | 16,216 |
Employee bonus |  |  | 22,658 |  |  |  | 57,394 |
Fair value of derivative instruments |  |  | — |  |  |  | 5 |
Self-insurance reserves |  |  | 30,384 |  |  |  | 29,367 |
Bank overdraft |  |  | 10,741 |  |  |  | 16,900 |
Accrued interest |  |  | 8,444 |  |  |  | 8,241 |
Accrued utilities |  |  | 5,161 |  |  |  | 6,070 |
Accrued taxes |  |  | 28,859 |  |  |  | 22,773 |
Accrued advertising |  |  | 4,544 |  |  |  | 3,610 |
Accrued legal settlements |  |  | 3,150 |  |  |  | 11,869 |
Accrued legal costs |  |  | 4,398 |  |  |  | 1,644 |
Accrued short-term deferred income |  |  | 4,422 |  |  |  | 4,760 |
Collateral from counterparties for derivative positions |  |  | 10,874 |  |  |  | 13,997 |
Acquisition consideration adjustment |  |  | 3,400 |  |  |  | — |
Other |  |  | 3,807 |  |  |  | 3,099 |
Total |  | $ | 187,480 |  |  | $ | 226,279 |
In connection with an acquisition completed in Fiscal 2012, the company agreed to make the selling shareholders whole for certain taxes incurred by the stakeholders on the sale. There was recently a tax determination that the selling shareholders owed additional taxes. Unless there is a successful appeal which overturns the determination, the company estimates that it will owe the shareholders approximately $3.4 million and the company has recorded this cost in the selling, distribution and administrative expenses line item of the Condensed Consolidated Statements of Income during the second quarter of Fiscal 2021. See Note 14, Commitments and Contingencies, of Notes to Condensed Consolidated Financial Statements of this Form 10-Q for details on the legal settlements. Other long-term liabilities consist of (amounts in thousands):
|  | July 17, 2021 |  |  | January 2, 2021 |
Deferred income |  | $ | 17,135 |  |  | $ | 19,153 |
Deferred compensation |  |  | 19,483 |  |  |  | 16,674 |
Fair value of derivative instruments |  |  | — |  |  |  | 83 |
Other deferred credits |  |  | 874 |  |  |  | 1,502 |
Deferred payroll taxes under the CARES Act |  |  | 14,992 |  |  |  | 14,992 |
Other |  |  | 1,345 |  |  |  | 1,255 |
Total |  | $ | 53,829 |  |  | $ | 53,659 |

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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