DEFERRED COMPENSATION ARRANGEMENTS	12 Months Ended
Dec. 31, 2020
DEFERRED COMPENSATION ARRANGEMENTS
DEFERRED COMPENSATION ARRANGEMENTS	12. DEFERRED COMPENSATION ARRANGEMENTS The Company has deferred compensation arrangements with certain key members of management. These arrangements provide the Board and its committees with another mechanism to provide pay for performance based incentive compensation to certain executive participants. It also allows for the participants to make certain deferrals into the plan. The amount of the liability is comprised of liabilities from previous contributions. Amounts accrued relating to previous periods are $5,386 and $4,695 as of December 31, 2020 and 2019, respectively, of which $4,329 and $4,695 are included in other long-term liabilities in the consolidated balance sheets at December 31, 2020 and 2019 and $1,057 is included within accrued liabilities as of December 31, 2020, relating to the amounts to be paid in 2021.

Disclosure of deferred compensation arrangements with individual employees, which are generally based on employment contracts between the entity and one or more selected officers or key employees, and which contain a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period and the carrying amount as of the balance sheet date of the related liability.

No definition available.

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