Accrued Liabilities (Tables)

3 Months Ended

Apr. 04, 2025

Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following:


	April 4, 2025		December 31, 2024
	(In thousands)
Accrued compensation and related benefits	$	69,895	$	85,989
Accrued third-party commissions	32,983		34,602
Lease liability - current portion	22,142		22,340
Accrued taxes	19,732		21,341
Accrued rebates	15,097		19,964
Accrued interest	11,737		5,841
Purchase of royalty interest	11,140		—
Accrued professional fees	10,009		5,003
Contingent consideration - current portion	8,656		49,719
Accrued royalties	7,061		6,296
Accrued freight	6,232		5,314
Customer advances and billings in excess of costs incurred	5,872		6,229
Warranty liability	2,662		2,818
Accrued restructuring liability	1,746		2,938
Derivative liability – current portion	517		3,648
Other	43,765		57,831
	$	269,246	$	329,873

Summary of Restructuring Liability

A summary of the activity in the Company’s restructuring liability included in Accrued liabilities in the Condensed Consolidated Balance Sheets is as follows:


	Three Months Ended April 4, 2025
	Balance at Beginning of Period		Provisions		Payments		Foreign Currency Translation		Balance at End of Period
	(In thousands)
Restructuring and other charges:
Termination benefits(1)	$	2,932	$	3,527	$	(4,721)	$	1	$	1,739
Facility closure costs and other(2)	6		335		(334)		—		7
Total	$	2,938	3,862		$	(5,055)	$	1	$	1,746
Non-cash charges(2)			46
Total Provisions(3)			$	3,908

(1) Includes severance and other termination benefits, including outplacement services.

(2) Includes the cost of relocating associates, relocating equipment, lease termination expense and other costs in connection with the closure and optimization of office sites, shared service centers, and manufacturing facilities.

(3) For the three months ended April 4, 2025, $2.9 million and $1.0 million of the Company’s total provisions were related to the P&R and Recon segments, respectively.