Papa Johns 2014 Annual Report Download - page 88

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75
12. Insurance Reserves
The following table summarizes changes in our insurance program reserves (in thousands):
Balance as of December 30, 2012 22,303$
Additions 23,187
Payments (26,025)
Balance as of December 29, 2013 19,465
Additions 33,926
Payments (27,980)
Balance as of December 28, 2014 25,411$
We are a party to standby letters of credit with off-balance sheet risk associated with our insurance
programs. The total amount committed under letters of credit for these programs was $21.2 million at
December 28, 2014.
13. Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):
2014 2013
Salaries, benefits and bonuses 19,427$ 20,166$
Insurance reserves, current 11,149 7,907
Purchases 8,132 10,349
Deposits 4,120 1,370
Customer loyalty program 2,357 1,682
Consulting and professional fees 2,226 1,670
Rent 1,626 7,024
Marketing 1,543 1,353
Utilities 1,399 1,381
Other 6,314 4,905
Total 58,293$ 57,807$
14. Other Long-term Liabilities
Other long-term liabilities consist of the following (in thousands):
2014 2013
Deferred compensation plan 17,599$ 15,798$
Insurance reserves 14,262 11,558
Accrued rent 5,387 -
Mandatorily redeemable noncontrolling interests - 10,786
Other 4,627 4,693
Total 41,875$ 42,835$