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OTHER | 12 Months Ended
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Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
OTHER | OTHER Inventory The components of inventory are as follows:
| December 31,
| 2022 |  | 2021
| (in thousands)
Finished goods | $ | 213,450 |  |  | $ | 259,916 |
Work in process | 70 |  |  | 159 |
Raw materials | 8,689 |  |  | 10,441 |
Total | $ | 222,209 |  |  | $ | 270,516 |
Property and equipment Property and equipment (including finance leases) consist of:
| December 31,
| 2022 |  | 2021
| (in thousands)
Machinery, furniture and equipment | $ | 77,948 |  |  | $ | 77,005 |
Leasehold improvements | 37,834 |  |  | 38,433 |
Computer hardware and software | 38,120 |  |  | 37,544 |
Building and improvements | 764 |  |  | 787 |
Construction in progress | 1,249 |  |  | 715 |
Land | 100 |  |  | 100 |
Total | 156,015 |  |  | 154,584 |
Less: accumulated depreciation and amortization | (137,993) |  |  | (133,836) |
Total | $ | 18,022 |  |  | $ | 20,748 |
Depreciation and amortization expense of property and equipment for the years ended December 31, 2022, 2021 and 2020 was $5.0 million, $6.0 million and $7.4 million, respectively. Accrued expenses Accrued expenses consist of:
| December 31,
| 2022 |  | 2021
| (in thousands)
Customer allowances and rebates | $ | 31,281 |  |  | $ | 36,290 |
Other non-income tax liabilities | 10,054 |  |  | 7,496 |
Compensation and benefits | 9,789 |  |  | 21,258 |
Vendor invoices | 6,930 |  |  | 16,082 |
Freight | 6,869 |  |  | 16,110 |
Professional fees | 2,743 |  |  | 2,954 |
Royalties | 2,408 |  |  | 4,406 |
Commissions | 656 |  |  | 813 |
Restructuring | 986 |  |  | — |
Wallace facility remediation | 500 |  |  | — |
Interest | 136 |  |  | 402 |
Other | 5,250 |  |  | 6,930 |
Total | $ | 77,602 |  |  | $ | 112,741 |
Other long-term liabilities Other long-term liabilities consist of:
| December 31,
| 2022 |  | 2021
| (in thousands)
Retirement benefit obligations | $ | 5,178 |  |  | $ | 6,918 |
Wallace facility remediation | 5,140 |  |  | — |
Other non-income tax liabilities | 3,037 |  |  | 2,927 |
Unearned revenue | 890 |  |  | 1,159 |
Contingent consideration | 650 |  |  | — |
Derivative financial instruments | — |  |  | 972 |
Other long-term obligations | 100 |  |  | 140 |
Total | $ | 14,995 |  |  | $ | 12,116 |
Supplemental disclosure of cash flow information
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
|  |  | (in thousands) |  |
Cash paid for interest | $ | 15,421 |  |  | $ | 13,702 |  |  | $ | 15,476 |
Cash paid for taxes, net of refunds | 9,757 |  |  | 19,012 |  |  | 5,161 |
Non-cash investing activities: |  |  |  |  |
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,
| 2022 |  | 2021 |  | 2020
|  |  | (in thousands) |  |
Accumulated translation adjustment: |  |  |  |  |
Balance at beginning of year | $ | (31,752) |  |  | $ | (35,846) |  |  | $ | (34,019) |
Translation adjustment during period | (4,320) |  |  | 690 |  |  | (2,062) |
Amount reclassified from accumulated other comprehensive loss (1) | — |  |  | 3,404 |  |  | 235 |
Translation Adjustment | $ | (4,320) |  |  | $ | 4,094 |  |  | $ | (1,827) |
Balance at end of year | $ | (36,072) |  |  | $ | (31,752) |  |  | $ | (35,846) |
Accumulated deferred gains (losses) on cash flow hedges: |  |  |  |  |
Balance at beginning of year | $ | 78 |  |  | $ | (1,125) |  |  | $ | 1,164 |
Change in unrealized gains (losses) | 2,126 |  |  | (311) |  |  | (3,273) |
Amounts reclassified from accumulated other comprehensive loss: (2) |  |  |  |  |
Settlement of cash flow hedges | (1,281) |  |  | 1,514 |  |  | 984 |
Net change in cash flow hedges, net of taxes of $(190), $(246) and $803 | $ | 845 |  |  | $ | 1,203 |  |  | $ | (2,289) |
Balance at end of year | $ | 923 |  |  | $ | 78 |  |  | $ | (1,125) |
Accumulated effect of retirement benefit obligations: |  |  |  |  |
Balance at beginning of year | $ | (1,875) |  |  | $ | (2,201) |  |  | $ | (1,600) |
Net income (loss) arising from retirement benefit obligations, net of tax of $(359), $(64) and $259 | 1,054 |  |  | 191 |  |  | (680) |
Amount reclassified from accumulated other comprehensive loss:(3) |  |  |  |  |
Amortization of loss, net of tax of $(39), $(45) and $(52) | 116 |  |  | 135 |  |  | 79 |
Net effects of retirement benefit obligations | $ | 1,170 |  |  | $ | 326 |  |  | $ | (601) |
Balance at end of year | $ | (705) |  |  | $ | (1,875) |  |  | $ | (2,201) |
Total accumulated other comprehensive loss at end of period | $ | (35,854) |  |  | $ | (33,549) |  |  | $ | (39,172) |
(1)Amount is recorded in equity in (losses) earnings on the consolidated statements of operations. (2)Amounts 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.

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