XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.23.3

Other Accrued Liabilities and Other Long-Term Liabilities | 9 Months Ended
--- | ---
Oct. 07, 2023
Other Liabilities Disclosure [Abstract] |
Other Accrued Liabilities and Other Long-Term Liabilities | 11. OTHER ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES Other accrued liabilities consist of (amounts in thousands):
|  | October 7, 2023 |  |  | December 31, 2022 |
Employee compensation |  | $ | 29,559 |  |  | $ | 26,762 |
Employee vacation |  |  | 17,953 |  |  |  | 16,058 |
VSIP |  |  | 1,429 |  |  |  | — |
Employee bonus |  |  | 22,945 |  |  |  | 29,526 |
Fair value of derivative instruments |  |  | 744 |  |  |  | 1,149 |
Self-insurance reserves |  |  | 34,292 |  |  |  | 30,599 |
Bank overdraft |  |  | 11,268 |  |  |  | 17,960 |
Accrued interest |  |  | 1,671 |  |  |  | 7,127 |
Accrued utilities |  |  | 6,188 |  |  |  | 6,861 |
Accrued taxes |  |  | 21,546 |  |  |  | 11,970 |
Accrued advertising |  |  | 5,142 |  |  |  | 4,813 |
Accrued legal settlements |  |  | 55,000 |  |  |  | 5,500 |
Accrued legal costs |  |  | 4,940 |  |  |  | 3,021 |
Accrued short-term deferred income |  |  | 3,314 |  |  |  | 3,893 |
Collateral due to counterparties for derivative positions |  |  | 3,407 |  |  |  | 3,085 |
Acquisition consideration adjustment |  |  | 753 |  |  |  | 753 |
Multi-employer pension plan withdrawal liability |  |  | 1,297 |  |  |  | 1,297 |
Repurchase obligations of distribution rights |  |  | 65,332 |  |  |  | 432 |
Other |  |  | 4,738 |  |  |  | 4,470 |
Total |  | $ | 291,518 |  |  | $ | 175,276 |
The repurchase of distribution rights is part of a legal settlement which requires a phased repurchase of approximately 350 distribution rights. The company estimated the cost of these repurchases, and an additional 50 other California distribution rights that are not part of the settlement, in accordance with the settlement agreement and the amount is net of the remaining notes receivable balance. See Note 15, Commitments and Contingencies, for details on this settlement. The acquisition consideration adjustment is in connection with an acquisition completed in Fiscal 2012, the company agreed to make the sellers whole for certain taxes incurred by the sellers on the sale. In Fiscal 2021, there was a tax determination that the sellers owed additional taxes of $3.4 million, and 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. During Fiscal 2022, the company reached an agreement to settle this issue and made a partial payment in Fiscal 2022 and anticipates making the final payment in Fiscal 2023. Other long-term liabilities consist of (amounts in thousands):
|  | October 7, 2023 |  |  | December 31, 2022 |
Deferred income |  | $ | 8,404 |  |  | $ | 11,235 |
Deferred compensation |  |  | 25,435 |  |  |  | 23,675 |
Other deferred credits |  |  | 217 |  |  |  | 382 |
Other |  |  | 311 |  |  |  | 406 |
Total |  | $ | 34,367 |  |  | $ | 35,698 |

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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_OtherLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration