OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2023

Other Liabilities, Current [Abstract]

Other current liabilities at December 31, 2023 and 2022, consisted of the following (amounts in thousands):


	2023		2022
Compensation and benefits	$	47,543	$	45,389
Warranty	21,710		19,914
Accrued insurance benefits	19,162		21,154
Customer rebates and deposits	15,490		16,279
Accrued other taxes	13,762		18,549
Operating lease current liabilities	5,021		3,850
Accrued interest	4,955		5,040
Foreign government grant (a)	4,509		1,888
Settlement of legal matter (b)	—		1,260
Other	22,109		18,605
	$	154,261	$	151,928

(a) For the year ended December 31, 2023, the Company received government subsidies associated with current year capital expenditure investments in technological and digital innovation in Europe. The amount of the government subsidy is used to offset existing payables to government in the future.

In addition, during 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.

(b) The amount relates to a legal settlement between Tire 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.