Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

v3.21.1
Accrued Liabilities
3 Months Ended
Apr. 03, 2021
Payables And Accruals [Abstract]  
Accrued Liabilities

Note 11: Accrued Liabilities

Accrued liabilities as of April 3, 2021 and January 2, 2021 consist of the following:

 

 

 

April 3,

2021

 

 

January 2,

2021

 

Compensation and benefits

 

$

822

 

 

$

604

 

Contract liability

 

 

240

 

 

 

292

 

Accrued incentive and rebate checks

 

 

1,099

 

 

 

1,220

 

Accrued transportation costs*

 

 

708

 

 

 

662

 

Accrued guarantees

 

 

767

 

 

 

767

 

Accrued purchase orders

 

 

43

 

 

 

177

 

Accrued taxes

 

 

498

 

 

 

299

 

Other

 

 

298

 

 

 

867

 

Total accrued expenses

 

$

4,475

 

 

$

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 13 weeks ended April 3, 2021:

 

Beginning balance, January 1, 2021

 

$

292

 

Accrued

 

 

135

 

Settled

 

 

(187

)

Ending balance, April 3, 2021

 

$

240