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Accrued Liabilities
6 Months Ended
Jun. 28, 2024
Accrued Liabilities [Abstract]  
Accrued Liabilities Accrued Liabilities
Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following:
June 28, 2024December 31, 2023
(In thousands)
Contingent consideration - current portion$95,354 $5,972 
Accrued compensation and related benefits71,797 70,979 
Accrued third-party commissions30,686 28,539 
Lease liability - current portion22,295 21,568 
Accrued taxes16,909 14,384 
Accrued rebates13,769 14,464 
Accrued professional fees7,453 13,037 
Accrued royalties6,704 6,944 
Accrued freight5,258 3,909 
Accrued interest4,336 3,765 
Derivative liability – current portion3,892 278 
Customer advances and billings in excess of costs incurred3,479 2,953 
Warranty liability2,960 2,959 
Accrued restructuring liability2,665 2,276 
Other55,588 45,105 
$343,145 $237,132 


Accrued Restructuring Liability

The Company’s restructuring programs include a series of actions to reduce the structural costs of the Company. A summary of the activity in the Company’s restructuring liability included in Accrued liabilities in the Condensed Consolidated Balance Sheets is as follows:
Six Months Ended June 28, 2024
Balance at Beginning of PeriodProvisionsPaymentsForeign Currency TranslationBalance at End of Period
(In thousands)
Restructuring and other charges:
Termination benefits(1)
$2,195 $6,584 $(6,217)$16 $2,578 
Facility closure costs and other(2)
81 5,359 (5,353)— 87 
Total$2,276 11,943 $(11,570)$16 $2,665 
Non-cash charges(2)
5,555 
Total Provisions(3)
$17,498 
(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 facilities, site cost structures, and product lines. 
(3) For the six months ended June 28, 2024, $9.5 million and $8.0 million of the Company’s total provisions were related to the P&R and Recon segments, respectively.The non-cash charges was an impairment of assets associated with divesting a minor product line in P&R.