Ascent Industries Co. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

Accrued Expenses

12 Months Ended

Jan. 03, 2015

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consist of the following:



	2014				2013
Salaries, wages and commissions	$	2,814,279			$	1,224,856
Current portion of contingent consideration	4,659,871				2,500,000
Facility closing reserves	1,570,399				—
Uncertain tax positions	1,504,146				—
Advances from customers	1,027,123				1,617,298
Insurance	859,151				1,229,440
Current portion of pension liability from the closure of Bristol Fab	780,595				—
Taxes, other than income taxes	470,456				795,015
Benefit plans	212,352				530,603
Interest	56,922				31,015
Professional fees	194,065				302,304
Interest rate swap liability	215,188				80,498
Current portion of deferred compensation	51,000				51,000
Other accrued items	269,139				820,340
Total accrued expenses	$	14,684,686			$	9,182,369