Note 6 - Accrued Expenses and Other Long-term Liabilities

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block]

6.

Accrued Expenses and Other Long-term Liabilities

Accrued expenses consist of the following:

	December 31, 2019		December 31, 2018
	(in thousands)
Compensation and related taxes	$	8,550	$	7,973
Income and other taxes		1,003		2,927
Professional fees		40		43
Deferred revenue		-		552
Other		4,421		4,352
Total	$	14,014	$	15,847

As discussed in Note

2

above, deferred revenue relates to our divestiture of the Reddick product line and an associated transition services agreement that we entered into contemporaneously with the divestiture, under which we agreed to manufacture and sell product to the buyer at prices at or below our cost. We allocated a portion of the consideration received from the divestiture to this transition services agreement to reflect it at fair value and recorded it as deferred revenue. As the products were sold to the buyer, we amortized a portion of the deferred revenue to adjust the gross margin on the sale to fair value on a specific identification basis. This arrangement is now complete. The following table summarizes the changes in the deferred revenue balance during the arrangement:

	As of December 31,
	2019			2018
Beginning contract liability balance	$	552		$	-
Deferred revenue recorded		-			1,081
Revenue recognized upon satisfaction of performace obligations in the period		(552	)		(529	)
Ending balance	$	-		$	552

Other long-term liabilities consist of the following:

	December 31, 2019		December 31, 2018
	(in thousands)
Acquisition-related liabilities	$	3,268	$	1,326
Deferred rent		-		530
Income taxes		781		559
Other		166		196
Total	$	4,215	$	2,611