ACCRUED PAYROLL AND EXPENSES, OTHER LONG-TERM LIABILITIES, AND CONTINGENT CONSIDERATION

6 Months Ended

Jun. 27, 2021

Accrued Liabilities, Current [Abstract]

Accrued Payroll and Expense, Other Long-Term Liabilities, And Contingent Consideration

ACCRUED PAYROLL AND EXPENSES, OTHER LONG-TERM LIABILITIES, AND CONTINGENT CONSIDERATION

Accrued payroll and expenses consist of the following at:


	June 27, 2021		December 27, 2020
Field talent payroll	$	6,612,583	$	5,574,442
Field talent payroll related	1,528,299		1,036,135
Accrued bonuses and commissions	2,890,895		1,884,876
Other	3,624,392		2,952,950
Accrued payroll and expenses	$	14,656,169	$	11,448,403

As of June 27, 2021, other current liabilities includes $3.5 million of deferred employer FICA and other long-term liabilities includes $3.5 million of deferred employer FICA and $0.1 million of interest rate swap (see Note 7). The deferred employer FICA is under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which allows relief to employers affected by the coronavirus pandemic. The CARES Act only applies to taxes incurred from March 27, 2020 through December 31, 2020. Half of the delayed payments are due by December 31, 2021, and the other half by December 31, 2022. The Company has elected to delay the payment of these taxes.

The following is a schedule of future estimated contingent consideration payments due as of June 27, 2021:


	Estimated Cash Payment		Discount		Net
Due in:
Less than one year	$	2,360,000	$	(144,460)	$	2,215,540
One to two years	1,110,000		(161,292)		948,708




Contingent consideration	$	3,470,000	$	(305,752)	$	3,164,248