|6 Months Ended|
Jul. 02, 2022
|Payables and Accruals [Abstract]|
Note 12: Accrued Liabilities
Accrued liabilities as of July 2, 2022 and January 1, 2022 consist of the following (in $000’s):
During the 26 weeks ended July 2, 2022, the Company reversed approximately $637,000 in contingent liabilities relating to guarantees of ApplianceSmart leases that no longer exist as a result of ApplianceSmart’s emergence from bankruptcy (see Note 6). No such transactions occurred during the 26 weeks ended July 3, 2021.
*Accrued transportation costs are related to delayed billing from certain vendors.
Contract liabilities rollforward
The following table summarizes the contract liability activity for the 26 weeks ended July 2, 2022 (in $000’s):
The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period.
No definition available.