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Other Accrued Liabilities and Other Long-Term Liabilities | 12 Months Ended
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Jan. 01, 2022
Other Liabilities Disclosure [Abstract] |
Other Accrued Liabilities and Other Long-Term Liabilities |
Note 1 2. | Other Accrued Liabilities and Other Long-Term Liabilities
Other accrued liabilities consist of (amounts in thousands):
|  | January 1, 2022 |  |  | January 2, 2021 |
Employee compensation |  | $ | 25,505 |  |  | $ | 28,826 |
VSIP and RIF liabilities |  |  | — |  |  |  | 1,508 |
Employee vacation |  |  | 15,782 |  |  |  | 16,216 |
Employee bonus |  |  | 33,413 |  |  |  | 57,394 |
Fair value of derivative instruments |  |  | 220 |  |  |  | 5 |
Self-insurance reserves |  |  | 29,828 |  |  |  | 29,367 |
Bank overdraft |  |  | 17,161 |  |  |  | 16,900 |
Accrued interest |  |  | 7,202 |  |  |  | 8,241 |
Accrued taxes |  |  | 23,911 |  |  |  | 22,773 |
Accrued legal costs |  |  | 1,746 |  |  |  | 1,644 |
Accrued advertising |  |  | 4,294 |  |  |  | 3,610 |
Accrued legal settlements |  |  | 16,500 |  |  |  | 11,869 |
Accrued short term deferred income |  |  | 4,040 |  |  |  | 4,760 |
Accrued utilities |  |  | 6,741 |  |  |  | 6,070 |
Acquisition consideration adjustment |  |  | 3,400 |  |  |  | — |
Collateral from counterparties for derivative positions |  |  | 3,377 |  |  |  | 13,997 |
Multi-employer pension plan withdrawal liability |  |  | 2,100 |  |  |  | — |
Repurchase obligations of distribution rights |  |  | 4,743 |  |  |  | — |
Other |  |  | 3,480 |  |  |  | 3,099 |
Total |  | $ | 203,443 |  |  | $ | 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 Consolidated Statements of Income. The repurchase of distribution rights is part of a legal settlement which requires a phased repurchase of approximately 75 distribution rights. See Note 22, Commitments and Contingencies, for details on this settlement. Other long-term liabilities consist of (amounts in thousands):
|  | January 1, 2022 |  |  | January 2, 2021 |
Deferred income |  | $ | 15,676 |  |  | $ | 19,153 |
Deferred compensation |  |  | 20,188 |  |  |  | 16,674 |
Fair value of derivative instruments |  |  | — |  |  |  | 83 |
Other deferred credits |  |  | 720 |  |  |  | 1,502 |
Deferred payroll taxes under the CARES Act |  |  | — |  |  |  | 14,992 |
Other |  |  | 1,375 |  |  |  | 1,255 |
Total |  | $ | 37,959 |  |  | $ | 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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