XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.21.2

Other Accrued Liabilities and Other Long-Term Liabilities | 9 Months Ended
--- | ---
Oct. 09, 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):
|  | October 9, 2021 |  |  | January 2, 2021 |
Employee compensation |  | $ | 29,563 |  |  | $ | 28,826 |
VSIP and RIF liabilities |  |  | — |  |  |  | 1,508 |
Employee vacation |  |  | 17,510 |  |  |  | 16,216 |
Employee bonus |  |  | 30,935 |  |  |  | 57,394 |
Fair value of derivative instruments |  |  | — |  |  |  | 5 |
Self-insurance reserves |  |  | 30,492 |  |  |  | 29,367 |
Bank overdraft |  |  | 13,438 |  |  |  | 16,900 |
Accrued interest |  |  | 1,233 |  |  |  | 8,241 |
Accrued utilities |  |  | 6,192 |  |  |  | 6,070 |
Accrued taxes |  |  | 32,621 |  |  |  | 22,773 |
Accrued advertising |  |  | 3,949 |  |  |  | 3,610 |
Accrued legal settlements |  |  | 19,650 |  |  |  | 11,869 |
Accrued legal costs |  |  | 3,784 |  |  |  | 1,644 |
Accrued short-term deferred income |  |  | 4,295 |  |  |  | 4,760 |
Collateral from counterparties for derivative positions |  |  | 7,477 |  |  |  | 13,997 |
Acquisition consideration adjustment |  |  | 3,400 |  |  |  | — |
Other |  |  | 11,743 |  |  |  | 3,099 |
Total |  | $ | 216,282 |  |  | $ | 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 forty weeks ended October 9, 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):
|  | October 9, 2021 |  |  | January 2, 2021 |
Deferred income |  | $ | 16,313 |  |  | $ | 19,153 |
Deferred compensation |  |  | 19,543 |  |  |  | 16,674 |
Fair value of derivative instruments |  |  | — |  |  |  | 83 |
Other deferred credits |  |  | 797 |  |  |  | 1,502 |
Deferred payroll taxes under the CARES Act |  |  | 14,992 |  |  |  | 14,992 |
Other |  |  | 1,313 |  |  |  | 1,255 |
Total |  | $ | 52,958 |  |  | $ | 53,659 |

X
- References No definition available. + Details
Name: | us-gaap_OtherLiabilitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_OtherLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration