Accrued Liabilities

9 Months Ended

Sep. 26, 2026

The components of accrued liabilities as of September 26, 2026 and December 27, 2025 were as follows:


(in thousands)	September 26, 2026		December 27, 2025
Employee-related liabilities	$	136,442	$	114,662
Other customer reserves	30,169		2,874
Current lease liability	12,048		11,435
Other non-income taxes	11,167		7,960
Professional services	8,458		6,629
Restructuring liability	6,397		6,014
Deferred revenue	5,840		11,215
Interest	3,525		7,069
Current benefit liability	1,680		1,680

Other	55,882		29,733
Total	$	271,608	$	199,271

Employee-related liabilities consist primarily of payroll, sales commissions, bonus, employee benefit accruals and workers’ compensation. Bonus accruals include amounts earned pursuant to the Company’s primary employee incentive compensation plans. Other accrued liabilities include miscellaneous operating accruals and other customer-related liabilities.

In consideration for entering into the Amendment with Elmos, the Company will pay Elmos a one-time amendment fee of €24.6 million and the full amount was recorded as a reduction of Net sales and an increase to other customer reserves in Accrued liabilities of €24.6 million ($28.0 million) in the third quarter of 2026. Cash payments of €15 million and €9.6 million will be paid in the fourth quarter of 2026 and the second quarter of 2027, respectively.