LITTELFUSE INC DE
For the period ended Dec 30, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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6. Accrued Liabilities
- Accrued Liabilities
The components of accrued liabilities at December 30, 2023 and December 31, 2022 are as follows:
| (in thousands) | 2023 | 2022 |
|---|---|---|
| Employee-related liabilities | $72,635 | $99,089 |
| Current lease liability | 12,110 | 12,841 |
| Other non-income taxes | 7,855 | 10,594 |
| Interest | 6,387 | 4,449 |
| Other customer reserves | 5,998 | 5,064 |
| Professional services | 5,282 | 7,160 |
| Deferred revenue | 2,198 | 2,593 |
| Restructuring liability | 2,141 | 2,434 |
| Current benefit liability | 1,482 | 1,318 |
| Other | 33,126 | 41,515 |
| Total | $149,214 | $187,057 |
Employee-related liabilities consist primarily of payroll, sales commission, bonus, employee benefit accruals and workers’ compensation. Bonus accruals include amounts earned pursuant to the Company’s primary employee incentive compensation plans. Other accrued liabilities include miscellaneous operating accruals and other client-related liabilities.
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