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Accrued Expenses
 12 Months Ended
Dec. 31, 2015
Payables And Accruals [Abstract]  
Accrued Expenses

Note 7 — Accrued Expenses

Accrued Expenses at December 31, 2015 and 2014 consisted of the following:

 

 

 

December 31,

 

(in thousands)

 

2015

 

 

2014

 

Salaries, bonuses and benefits

 

$

9,383

 

 

$

6,439

 

Accrued interest

 

 

—

 

 

 

5,119

 

Accrued royalties

 

 

1,201

 

 

 

1,369

 

Pension and post-retirement benefit plans

 

 

1,093

 

 

 

1,173

 

Headsprout acquisition accrual

 

 

—

 

 

 

400

 

Other

 

 

2,547

 

 

 

2,932

 

Accrued expenses

 

$

14,224

 

 

$

17,432

 

 

Accrued Interest

Accrued interest at December 31, 2014 primarily related to the Company’s 9.75% senior secured notes.  The senior secured notes required semi-annual interest payments in arrears on each February 15th and August 15th.  

Headsprout Acquisition Accrual

In December 2013, LAZEL, Inc., a wholly owned subsidiary of the Company, completed the acquisition of certain assets of Headsprout for $4.0 million.  Of the total purchase price, $3.6 million was paid in January 2014 the remaining $0.4 million was paid in June 2015.  

Pension and Post-Retirement Benefit Plans

See Note 12 – Profit Sharing, Pension, and Other Postretirement Benefit Plans for further information regarding the Company’s pension and post-retirement benefit plan liabilities.