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Accrued Expenses
12 Months Ended
Dec. 31, 2022
Accrued Liabilities [Abstract]  
Accrued Expenses 6. ACCRUED EXPENSES
Accrued expenses consist of the following:
(In thousands)20222021
Incentive compensation$6,103 $7,016 
Payrolls, related taxes and medical and other benefits5,916 7,558 
Vacation3,502 3,452 
Derivative contract liability3,260 1,254 
Accrued freight2,298 2,337 
Accrued utilities2,099 1,938 
Workers’ compensation and disabilities2,051 2,422 
Environmental liabilities1,627 1,634 
Customer rebates1,154 1,857 
Other3,593 3,636 
Total$31,603 $33,104 
In the fourth quarter of 2021, the Company changed its vacation policy such that effective January 1, 2022 substantially all U.S. employees earn their vacation for the current year on a monthly basis throughout the year and forfeit any unused vacation at the end of the year, with the exception of a partial rollover allowance subject to a cap or where forfeiture is prohibited by applicable state or local law or a collective bargaining agreement. Under the previous policy, vacation was granted at the beginning of the year in advance of work being performed for the subsequent year. As a result of this policy change, the Company recorded in the fourth quarter of 2021 a reduction of $3.9 million to accrued expenses and a decrease to selling, general, and administrative expense ($1.3 million) and cost of goods sold ($2.6 million) within the consolidated statements of income.