Annual report pursuant to Section 13 and 15(d)

Accrued Liabilities

v3.22.1
Accrued Liabilities
12 Months Ended
Jan. 01, 2022
Payables and Accruals [Abstract]  
Accrued Liabilities

Note 11: Accrued liabilities

Accrued liabilities of continuing operations as of January 1, 2022 and January 2, 2021, respectively, consist of the following (in $000's):

 

 

 

January 1, 2022

 

 

January 2, 2021

 

Compensation and benefits

 

$

731

 

 

$

604

 

Contract liability

 

 

17

 

 

 

292

 

Accrued incentive and rebate checks

 

 

1,427

 

 

 

1,220

 

Accrued transportation costs*

 

 

904

 

 

 

662

 

Accrued guarantees

 

 

767

 

 

 

767

 

Accrued purchase orders

 

 

23

 

 

 

177

 

Accrued taxes

 

 

543

 

 

 

299

 

Accrued litigation settlement

 

 

680

 

 

 

 

Other

 

 

140

 

 

 

867

 

Total accrued liabilities

 

$

5,232

 

 

$

4,888

 

*Accrued transportation costs are related to delayed billing from certain vendors.

 

Contract liabilities rollforward

The following table summarizes the contract liability activity for the year ended January 1, 2022 (in $000's):

 

Beginning balance, January 2, 2021

 

$

292

 

Accrued

 

 

180

 

Settled

 

 

(455

)

Ending balance, January 1, 2022

 

$

17