Kontoor Brands, Inc. Annual report pursuant to Section 13 and 15(d)

ACCRUED AND OTHER LIABILITIES

12 Months Ended

Dec. 28, 2019

ACCRUED LIABILITIES AND OTHER LIABILITIES

The following table presents components of "accrued liabilities" as reflected in the Company's balance sheet:



(In thousands)	December 2019		December 2018
Customer discounts, allowances, and incentives	$	60,060	$	45,220
Compensation	36,315		44,427
Other taxes	22,995		21,651
Professional services	14,005		5,069
Advertising	10,285		7,740
Customer deposits	9,273		10,106
Current income taxes payable	7,513		168
Deferred compensation (Note 12)	6,528		11,709
Insurance	2,789		4,192
Restructuring (Note 21)	2,172		21,169
Contract liabilities (Note 2)	1,775		2,311
Interest payable to former parent	—		4,280
Other	21,034		16,186
Accrued liabilities	$	194,744	$	194,228

The following table presents components of "other liabilities" as reflected in the Company's balance sheet:



(In thousands)	December 2019		December 2018
Deferred compensation (Note 12)	$	53,601	$	34,957
Noncurrent income taxes payable	17,678		58,854
Pension liabilities (Note 12)	13,224		—
Insurance	875		4,751
Restructuring (Note 21)	—		2,080
Other	13,497		14,868
Other liabilities	$	98,875	$	115,510