We have an agreement with a third party to provide a supplier financing program, which facilitates participating suppliers’ ability to finance payment obligations from us with a designated third-party financial institution. Participating suppliers may, at their sole discretion, make offers to finance one or more of our payment obligations prior to their scheduled due dates at a discounted price. Our obligations to our suppliers, including amounts due and scheduled payment dates, are not impacted by suppliers’ decisions to finance amounts under these arrangements. The terms of payments are consistent with the terms of our trade payables. Activity related to the obligations is presented within operating activities on the unaudited condensed consolidated statements of cash flows. The changes in our outstanding payment obligations under this arrangement, which are included in accounts payable on the unaudited condensed consolidated balance sheets, were as follows:


(in thousands)	For the Three Months Ended March 31,
	2026		2025

Payment obligations outstanding at the beginning of the period	$	6,249	$	5,967
Payment obligations additions during the period	13,112		14,994
Payment obligations settled during the period	(12,525)		(12,300)
Payment obligations outstanding at the end of the period	$	6,836	$	8,661

Accrued liabilities consisted of the following:


(in thousands)	March 31, 2026		December 31, 2025

Accrued employee compensation and related expenses	$	144,619	$	212,444
Accrued expenses	112,451		114,331
Accrued customer incentives and refund obligations	89,603		87,630
Accrued taxes	80,026		88,668
Current lease liabilities	26,853		27,074
Total accrued liabilities	$	453,552	$	530,147

Other long-term liabilities consisted of the following:


(in thousands)	March 31, 2026		December 31, 2025

Accrued taxes	$	14,539	$	14,452
Other accrued long-term expenses	39,495		42,075
Total other long-term liabilities	$	54,034	$	56,527