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v3.23.2

Other Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2023
Other Liabilities, Current [Abstract] |
Schedule of Accrued Liabilities | Other current liabilities consisted of the following (amounts in thousands):
| June 30, 2023 |  | December 31, 2022
Compensation and benefits | $ | 49,723 |  |  | $ | 45,389 |
Warranty | 21,994 |  |  | 19,914 |
Accrued insurance benefits | 17,785 |  |  | 21,154 |
Customer rebates and deposits | 17,419 |  |  | 16,279 |
Accrued other taxes | 13,585 |  |  | 18,549 |
Operating lease liability | 3,828 |  |  | 3,850 |
Accrued interest | 4,978 |  |  | 5,040 |
Foreign government grant (1) | 2,198 |  |  | 1,888 |
Settlement of legal matter (2) | — |  |  | 1,260 |
Other | 21,316 |  |  | 18,605 |
| $ | 152,826 |  |  | $ | 151,928 |
(1) In August 2014, the Company received an approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. There are no specific stipulations associated with the government grant. (2) The amount relates to a legal settlement between Titan Tire Corporation and Dico, Inc. executed on February 1, 2021 in the amount of $11.5 million, of which the final remaining amount of $1.3 million was paid on January 31, 2023. The Company paid $9.2 million and $1.6 million, including accrued interest, to the federal government on February 25, 2021 and February 1, 2022, respectively.

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