Accruals and other current liabilities consists of the following: | | | | | | | | | | | | | March 31, | | December 31, | | (in thousands) | 2024 | | 2023 | | Accruals related to: | | | | Compensation(1) | $ | 16,889 | | | $ | 30,267 | | | Inventories | 6,643 | | | 1,478 | | | Research and development | 6,544 | | | 5,173 | | | Selling, general and administrative | 6,276 | | | 9,019 | | | Royalty | 2,075 | | | 1,919 | | | Interest expense | 649 | | | 1,919 | | Other current liabilities(1) | 1,235 | | | 3,088 | | | Total accruals and other current liabilities | $ | 40,311 | | | $ | 52,863 | |
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