Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses and Other Current Liabilities and Other Long-Term Liabilities (Tables)

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Accrued Expenses and Other Current Liabilities and Other Long-Term Liabilities (Tables)
 9 Months Ended
Sep. 30, 2021
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses and Other Current Liabilities and Other Long-Term Liabilities Accrued expenses and other current liabilities and other long-term liabilities included the following (in thousands):
September 30, December 31,
2021 2020
Accrued legal settlement(a)
$ 18,500  $ — 
State and local taxes payable 14,169  13,838 
Deferred revenue 7,498  8,281 
Sale leaseback liability(b)
3,267  1,290 
Accrued compensation and benefits 3,222  3,710 
Payroll tax liability 1,897  1,816 
Financing leases 1,817  1,499 
Insurance reserves 1,637  1,941 
Financed insurance premiums(c)
94  10,394 
Other 2,623  1,639 
Total accrued expenses and other current liabilities $ 54,724  $ 44,408 
Other Long-Term Liabilities
Sale leaseback liability(b)
$ 8,203  $ 3,348 
Financing leases 4,840  4,618 
Payroll tax liability 1,897  1,977 
Other 63  492 
Total other long-term liabilities $ 15,003  $ 10,435 
a.In June 2021, the Company reached an agreement to settle a certain legal matter. See Note 18 for additional detail.
b.On December 30, 2020, the Company entered into an agreement with First National Capital, LLC (“FNC”) whereby the Company agreed to sell certain assets from its infrastructure segment to FNC for aggregate proceeds of $5.0 million. Concurrent with the sale of assets, the Company entered into a 36 month lease agreement whereby the Company agreed to lease back the assets at a monthly rental rate of $0.1 million. On June 1, 2021, the Company entered into another agreement with FNC whereby the Company sold additional assets from its infrastructure segment to FNC for aggregate proceeds of $9.5 million and entered into a 42 month lease agreement whereby the Company agreed to lease back the assets at a monthly rental rate of $0.2 million. Under the agreements, the Company has the option to purchase the assets at the end of the lease terms. The Company recorded liabilities for the proceeds received and will continue to depreciate the assets. The Company has imputed an interest rate so that the carrying amount of the financial liabilities will be the expected repurchase price at the end of the initial lease terms.
c.Financed insurance premiums are due in monthly installments, are unsecured and mature within the twelve-month period following the close of the year. As of September 30, 2021 and December 31, 2020, the applicable interest rate associated with financed insurance premiums ranged from 3.45% to 3.75%.