Quarterly report pursuant to Section 13 or 15(d)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

v3.22.2.2
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2022
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES  
Schedule of Accrued Expenses and Other Current Liabilities

The following table summarizes the Company’s components of accrued expenses and other current liabilities (in thousands):

    

September 30, 

December 31, 

    

2022

2021

Compensation and benefits related

$

11,429

$

17,124

Professional services

1,853

2,659

Warranty reserve

3,723

4,048

Franchise and royalty fees

1,308

2,035

Current portion of contingent consideration

2,812

1,471

2027 Notes Interest

2,686

Inventory purchases

 

1,686

 

1,072

Commissions

824

849

Income tax payable

285

233

Sales and use and franchise taxes

310

274

Current portion of acquisition consideration

500

Other

 

4,014

 

4,064

Total accrued expenses and other current liabilities

$

31,430

$

33,829

Warranty Reserve Rollforward Warranty reserve consisted of the following (in thousands):

    

September 30, 

December 31, 

2022

2021

Warranty reserve, at the beginning of the period

$

4,048

$

1,553

Warranty reserve assumed in acquisition

1,389

Additions to warranty reserve

 

2,444

 

2,576

Claims fulfilled

 

(2,769)

 

(1,470)

Warranty reserve, at the end of the period

$

3,723

$

4,048