v3.24.3
Other Accrued Liabilities (Tables)
 9 Months Ended
Sep. 30, 2024
Payables and Accruals [Abstract]  
Components of Other Accrued Liabilities
The components of accrued compensation were as follows:
(In thousands)September 30, 2024December 31, 2023
Accrued bonus$1,994 $2,843 
Accrued commission1,061 602 
Accrued salary/wages (1)
5,041 4,085 
Accrued social insurance (2)(3)
7,022 7,082 
Accrued vacation/holiday3,368 3,252 
Other accrued compensation2,150 2,441 
Total accrued compensation$20,636 $20,305 
(1)Includes $0.6 million of accrued severance expenses at September 30, 2024 related to our Mexico manufacturing footprint optimization efforts. See Note 12 for further information related to our restructuring activities.
(2)Includes $17 thousand and $0.1 million of accrued severance expenses at September 30, 2024 and December 31, 2023, respectively, related to our Asia manufacturing footprint optimization efforts. See Note 12 for further information related to our restructuring activities.
(3)PRC employers are required by law to remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job injury insurance, unemployment insurance, and a housing assistance fund, and is administered in a manner similar to social security in the United States. This amount represents our estimate of the amounts due to the PRC government for social insurance on September 30, 2024 and December 31, 2023.
The components of other accrued liabilities were as follows:
(In thousands)September 30, 2024December 31, 2023
Contract liabilities$3,324 $2,697 
Duties585 481 
Expense associated with fulfilled performance obligations565 1,092 
Freight and handling fees2,052 1,998 
Interest2 438 
Operating lease obligations4,155 4,813 
Product warranty claims costs497 522 
Professional fees1,925 1,558 
Sales and value added taxes1,456 4,194 
Other (1)
4,075 3,388 
Total other accrued liabilities$18,636 $21,181 
(1)Includes $0.4 million and $0.2 million at September 30, 2024 and December 31, 2023, respectively, associated with the purchase of property, plant and equipment.