XML 26 R17.htm IDEA: XBRL DOCUMENT
v3.22.1

Other Accrued Liabilities and Other Long-Term Liabilities | 4 Months Ended
--- | ---
Apr. 23, 2022
Other Liabilities Disclosure [Abstract] |
Other Accrued Liabilities and Other Long-Term Liabilities | . OTHER ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES Other accrued liabilities consist of (amounts in thousands):
|  | April 23, 2022 |  |  | January 1, 2022 |
Employee compensation |  | $ | 25,108 |  |  | $ | 25,505 |
Employee vacation |  |  | 18,130 |  |  |  | 15,782 |
Employee bonus |  |  | 13,562 |  |  |  | 33,413 |
Fair value of derivative instruments |  |  | — |  |  |  | 220 |
Self-insurance reserves |  |  | 32,878 |  |  |  | 29,828 |
Bank overdraft |  |  | 11,448 |  |  |  | 17,161 |
Accrued interest |  |  | 2,222 |  |  |  | 7,202 |
Accrued utilities |  |  | 5,878 |  |  |  | 6,741 |
Accrued taxes |  |  | 9,677 |  |  |  | 7,557 |
Deferred payroll taxes under the CARES Act |  |  | 16,354 |  |  |  | 16,354 |
Accrued advertising |  |  | 2,818 |  |  |  | 4,294 |
Accrued legal settlements |  |  | 16,500 |  |  |  | 16,500 |
Accrued legal costs |  |  | 3,042 |  |  |  | 1,746 |
Accrued short-term deferred income |  |  | 3,998 |  |  |  | 4,040 |
Collateral from counterparties for derivative positions |  |  | 14,946 |  |  |  | 3,377 |
Acquisition consideration adjustment |  |  | 3,400 |  |  |  | 3,400 |
Multi-employer pension plan withdrawal liability |  |  | — |  |  |  | 2,100 |
Repurchase obligations of distribution rights |  |  | 4,558 |  |  |  | 4,743 |
Other |  |  | 3,605 |  |  |  | 3,480 |
Total |  | $ | 188,124 |  |  | $ | 203,443 |
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. The company 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. The repurchase of distribution rights is part of a legal settlement which requires a phased repurchase of approximately 75 distribution rights. See Note 13, Commitments and Contingencies, of Notes to Condensed Consolidated Financial Statements of this Form 10-Q for details on this settlement. Other long-term liabilities consist of (amounts in thousands):
|  | April 23, 2022 |  |  | January 1, 2022 |
Deferred income |  | $ | 14,497 |  |  | $ | 15,676 |
Deferred compensation |  |  | 21,511 |  |  |  | 20,188 |
Other deferred credits |  |  | 617 |  |  |  | 720 |
Other |  |  | 1,468 |  |  |  | 1,375 |
Total |  | $ | 38,093 |  |  | $ | 37,959 |

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