OTHER

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Inventory

The components of inventory are as follows:


	December 31,
	2020		2019
	(in thousands)
Finished goods	$	194,209	$	165,950
Work in process	45		61
Raw materials	8,910		7,416
Total	$	203,164	$	173,427

Property and equipment

Property and equipment (including finance leases) consist of:


	December 31,
	2020		2019
	(in thousands)
Machinery, furniture and equipment	$	74,494	$	73,634
Leasehold improvements	38,467		38,293
Computer hardware and software	36,997		35,458
Building and improvements	791		780
Construction in progress	87		337
Land	100		100
Total	150,936		148,602
Less: accumulated depreciation and amortization	(127,816)		(120,434)
Total	$	23,120	$	28,168

Depreciation and amortization expense of property and equipment for the years ended December 31, 2020, 2019 and 2018 was $7.4 million, $8.0 million and $8.0 million, respectively.

Long term liabilities

Long term liabilities consist of:


	December 31,
	2020		2019
	(in thousands)
Retirement benefit obligations	$	7,534	$	6,838
Other non-income tax liabilities	2,824		2,705
Derivative financial instruments	2,776		—
Unearned revenues	1,444		1,728
Deferred payroll non-income tax liabilities	1,261		—
Royalty obligation	475		878


Other long term obligations	169		65


Total	$	16,483	$	12,214

Accrued expenses

Accrued expenses consist of:


	December 31,
	2020		2019
	(in thousands)
Customer allowances and rebates	$	30,913	$	18,834
Compensation and benefits	19,016		10,542
Interest	749		334
Vendor invoices	6,536		3,428
Royalties	3,007		2,391
Commissions	1,380		894
Freight	6,669		3,263
Professional fees	2,060		1,941
Foreign exchange forward contracts	—		180
Restructuring	—		59
Other	9,720		10,194
Total	$	80,050	$	52,060

Supplemental disclosure of cash flow information


	Year Ended December 31,
	2020		2019		2018
			(in thousands)

Cash paid for interest	$	15,476	$	18,859	$	16,319
Cash paid for taxes, net of refunds	5,161		2,057		2,599
Non-cash investing activities:
Translation adjustment	$	(2,062)	$	(292)	$	(5,906)

Components of accumulated other comprehensive loss, net


	Year Ended December 31,
	2020		2019		2018
			(in thousands)
Accumulated translation adjustment:
Balance at beginning of year	$	(34,019)	$	(33,727)	$	(27,821)
Translation adjustment during period	(2,062)		(292)		(5,906)
Amount reclassified from accumulated other comprehensive loss: (1)
Currency translation adjustment	235		—		—
Balance at end of year	$	(35,846)	$	(34,019)	$	(33,727)
Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of year	$	1,164	$	161	$	14
Derivative fair value adjustment, net of tax	(3,273)		1,212		161
Amounts reclassified from accumulated other comprehensive loss: (2)
Settlement of cash flow hedges	984		(209)		(14)
Balance at end of year	$	(1,125)	$	1,164	$	161
Accumulated effect of retirement benefit obligations:
Balance at beginning of year	$	(1,600)	$	(1,050)	$	(1,518)
Net (loss) income arising from retirement benefit obligations, net of tax	(680)		(601)		373
Amount reclassified from accumulated other comprehensive loss:(3)
Amortization of loss, net of tax	79		51		95
Balance at end of year	$	(2,201)	$	(1,600)	$	(1,050)
Total accumulated other comprehensive loss at end of period	$	(39,172)	$	(34,455)	$	(34,616)

(1)Amount is recorded in equity in earnings on the consolidated statements of operations.

(2)Amounts reclassified are recorded in interest expense and cost of goods sold on the consolidated statements of operations.

(3)Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.