Schedule of Accounts Payable and Accrued Liabilities |
Accounts Payable and Accrued Liabilities consisted of the following: | | | | | | | | | | | | | December 31, | | 2023 | | 2022 | Accounts payable and accrued operating expenses | $ | 315,509 | | | $ | 231,238 | | Accrued compensation expense | 201,067 | | | 207,573 | | Accrued rebates payable | 96,179 | | | 72,654 | | Foreign currency exchange forward contracts | 33,853 | | | 12,601 | | Accrued royalties payable | 14,299 | | | 13,306 | | Lease liability | 8,779 | | | 10,375 | | Accrued income taxes | 2,651 | | | 16,213 | | | | | | Deferred revenue | 4,620 | | | 711 | | Other | 6,190 | | | 8,288 | | Total accounts payable and accrued liabilities | $ | 683,147 | | | $ | 572,959 | |
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Schedule of Estimated Accrued Rebates and Reserve for Cash Discounts |
The roll forward of significant estimated accrued rebates and reserve for cash discounts for the years ended December 31, 2023, 2022 and 2021, were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Balance at Beginning of Period | | Provision for Current Period Sales | | Payments | | Balance at End of Period | Year ended December 31, 2023: | | | | | | | | Accrued rebates | $ | 72,654 | | | $ | 196,864 | | | $ | (173,339) | | | $ | 96,179 | | Reserve for cash discounts | $ | 3,639 | | | $ | 21,081 | | | $ | (19,330) | | | $ | 5,390 | | | | | | | | | | Year ended December 31, 2022: | | | | | | | | Accrued rebates | $ | 47,987 | | | $ | 140,260 | | | $ | (115,593) | | | $ | 72,654 | | Reserve for cash discounts | $ | 2,013 | | | $ | 20,351 | | | $ | (18,725) | | | $ | 3,639 | | | | | | | | | | Year ended December 31, 2021: | | | | | | | | Accrued rebates | $ | 65,526 | | | $ | 116,691 | | | $ | (134,230) | | | $ | 47,987 | | Reserve for cash discounts | $ | 1,716 | | | $ | 16,003 | | | $ | (15,706) | | | $ | 2,013 | |
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