v3.25.2
Other Accrued Liabilities and Other Long-Term Liabilities
6 Months Ended
Jul. 12, 2025
Other Liabilities Disclosure [Abstract]  
Other Accrued Liabilities and Other Long-Term Liabilities

12. OTHER ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES

Other accrued liabilities consist of (amounts in thousands):

 

 

 

July 12, 2025

 

 

December 28, 2024

 

Employee compensation

 

$

35,682

 

 

$

35,521

 

Employee vacation

 

 

21,231

 

 

 

19,595

 

Restructuring-related accruals

 

 

 

 

 

86

 

Employee bonus

 

 

7,918

 

 

 

50,422

 

Fair value of derivative instruments

 

 

1,368

 

 

 

1,290

 

Self-insurance reserves

 

 

37,692

 

 

 

34,392

 

Bank overdraft

 

 

10,978

 

 

 

14,459

 

Accrued interest

 

 

27,734

 

 

 

7,340

 

Accrued utilities

 

 

5,903

 

 

 

6,141

 

Accrued taxes

 

 

14,261

 

 

 

7,655

 

Accrued advertising

 

 

6,617

 

 

 

2,978

 

Accrued legal settlements

 

 

1,900

 

 

 

1,697

 

Accrued legal costs

 

 

3,622

 

 

 

4,032

 

Accrued short-term deferred income

 

 

2,139

 

 

 

2,380

 

Collateral due to counterparties for derivative positions

 

 

2,767

 

 

 

2,076

 

Repurchase obligations of distribution rights

 

 

 

 

 

18,965

 

Other

 

 

7,950

 

 

 

10,340

 

Total

 

$

187,762

 

 

$

219,369

 

 

The repurchase of distribution rights is part of a legal settlement which requires a phased repurchase of approximately 350 distribution rights. The company estimated the cost of these repurchases, and an additional 50 other California distribution rights that are not part of the settlement, in accordance with the settlement agreement and the amount is net of the remaining notes receivable balance. The repurchases began at the end of the first quarter of Fiscal 2024 and were completed during the second quarter of Fiscal 2025. See Note 16, Commitments and Contingencies, for details on this settlement.

Other long-term liabilities consist of (amounts in thousands):

 

 

 

July 12, 2025

 

 

December 28, 2024

 

Deferred income

 

$

4,768

 

 

$

5,445

 

Deferred compensation

 

 

28,225

 

 

 

28,306

 

Acquisition consideration payable to seller

 

 

17,824

 

 

 

 

Other

 

 

2,082

 

 

 

2,126

 

Total

 

$

52,899

 

 

$

35,877