XML 29 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Accrued Liabilities
9 Months Ended
Sep. 30, 2018
Payables And Accruals [Abstract]  
Other Accrued Liabilities

10.Other Accrued Liabilities

 

Other accrued liabilities consisted of the following:

 

(in thousands)

 

September 30, 2018

 

 

December 31, 2017

 

Accrued insurance costs

 

$

39,299

 

 

$

35,433

 

Employee and retiree benefit plan accruals

 

 

25,950

 

 

 

27,024

 

Accrued marketing costs

 

 

25,875

 

 

 

33,376

 

Current portion of acquisition related contingent consideration

 

 

25,306

 

 

 

23,339

 

Checks and transfers yet to be presented for payment from zero balance cash accounts

 

 

11,900

 

 

 

37,262

 

Accrued taxes (other than income taxes)

 

 

5,811

 

 

 

6,391

 

Current deferred proceeds from Territory Conversion Fee(1)

 

 

2,286

 

 

 

2,286

 

All other accrued expenses

 

 

17,182

 

 

 

20,419

 

Total other accrued liabilities

 

$

153,609

 

 

$

185,530

 

 

(1)

Pursuant to a territory conversion agreement entered into by the Company, The Coca‑Cola Company and CCR in September 2015 (as amended), upon the conversion of the Company’s then-existing bottling agreements to the CBA on March 31, 2017, the Company received a one-time fee from CCR, which, after final adjustments made during the second quarter of 2017, totaled $91.5 million (the “Territory Conversion Fee”). The Territory Conversion Fee was recorded as a deferred liability and will be amortized as a reduction to cost of sales over a period of 40 years. The portion of the deferred liability that is expected to be amortized in the next twelve months was classified as current.