OTHER

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Inventory

The components of inventory are as follows:


	December 31,
	2021		2020
	(in thousands)
Finished goods	$	259,916	$	194,209
Work in process	159		45
Raw materials	10,441		8,910
Total	$	270,516	$	203,164

Property and equipment

Property and equipment (including finance leases) consist of:


	December 31,
	2021		2020
	(in thousands)
Machinery, furniture and equipment	$	77,005	$	74,494
Leasehold improvements	38,433		38,467
Computer hardware and software	37,544		36,997
Building and improvements	787		791
Construction in progress	715		87
Land	100		100
Total	154,584		150,936
Less: accumulated depreciation and amortization	(133,836)		(127,816)
Total	$	20,748	$	23,120

Depreciation and amortization expense of property and equipment for the years ended December 31, 2021, 2020 and 2019 was $6.0 million, $7.4 million and $8.0 million, respectively.

Other long-term liabilities

Other long-term liabilities consist of:


	December 31,
	2021		2020
	(in thousands)
Retirement benefit obligations	$	6,918	$	7,534
Other non-income tax liabilities	2,927		2,824
Unearned revenue	1,159		1,444
Derivative financial instruments	972		2,776
Deferred payroll non-income tax liabilities	—		1,261
Royalty obligations	—		475


Other long term obligations	140		169


Total	$	12,116	$	16,483

Accrued expenses

Accrued expenses consist of:


	December 31,
	2021		2020
	(in thousands)
Customer allowances and rebates	$	36,290	$	30,913
Compensation and benefits	21,258		19,016
Freight	16,110		6,669
Vendor invoices	16,082		6,536
Other non-income tax liabilities	7,496		4,136
Royalties	4,406		3,007
Professional fees	2,954		2,060
Commissions	813		1,380
Interest	402		749


Other	6,930		5,584
Total	$	112,741	$	80,050

Supplemental disclosure of cash flow information


	Year Ended December 31,
	2021		2020		2019
			(in thousands)

Cash paid for interest	$	13,702	$	15,476	$	18,859
Cash paid for taxes, net of refunds	19,012		5,161		2,057
Non-cash investing activities:
Translation adjustment	$	690	$	(2,062)	$	(292)
Translation loss recognized on change in Vasconia ownership	3,404		—		—
Non-cash gain on dilution of Vasconia ownership	(1,732)		$	—	$	—

Components of accumulated other comprehensive loss, net


	Year Ended December 31,
	2021		2020		2019
			(in thousands)
Accumulated translation adjustment:
Balance at beginning of year	$	(35,846)	$	(34,019)	$	(33,727)
Translation adjustment during period	690		(2,062)		(292)

Amount reclassified from accumulated other comprehensive loss (1)	3,404		235		—
Balance at end of year	$	(31,752)	$	(35,846)	$	(34,019)
Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of year	$	(1,125)	$	1,164	$	161
Derivative fair value adjustment, net of tax	(311)		(3,273)		1,212
Amounts reclassified from accumulated other comprehensive loss: (2)
Settlement of cash flow hedges	1,514		984		(209)
Balance at end of year	$	78	$	(1,125)	$	1,164
Accumulated effect of retirement benefit obligations:
Balance at beginning of year	$	(2,201)	$	(1,600)	$	(1,050)
Net income (loss) arising from retirement benefit obligations, net of tax	191		(680)		(601)
Amount reclassified from accumulated other comprehensive loss:(3)
Amortization of loss, net of tax	135		79		51
Balance at end of year	$	(1,875)	$	(2,201)	$	(1,600)
Total accumulated other comprehensive loss at end of period	$	(33,549)	$	(39,172)	$	(34,455)

(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.