CLEAN HARBORS INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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(9) Accrued Expenses
(9)ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses and other current liabilities consisted of the following (in thousands):
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Accrued insurance | $107,658 | $92,909 |
| Accrued interest | 33,857 | 20,033 |
| Accrued compensation and benefits | 113,236 | 123,226 |
| Accrued income, real estate, sales and other taxes | 44,752 | 61,442 |
| Accrued other | 97,654 | 99,106 |
| $397,157 | $396,716 |
As of December 31, 2023 and 2022, accrued insurance included employee medical insurance costs of $22.8 million and $16.4 million, respectively, and accruals for losses under workers' compensation, comprehensive general liability and vehicle liability self-insurance programs of $82.7 million and $74.9 million, respectively. The increase in accrued interest is due to the timing of interest payments associated with debt issued in 2023. Refer to Note 12, "Financing Arrangements" for more information. The decrease in accrued compensation and benefits is primarily due to a decrease in accrued incentive compensation.
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