Accrued Liabilities

9 Months Ended

Sep. 30, 2023

Accrued Liabilities.

Accrued Liabilities

6. Accrued Liabilities

Accrued liabilities consist of the following (in thousands):

	September 30, 2023		December 31, 2022
Marketing Funds (a)	$	27,613	$	47,670
Accrued payroll and related employee costs		13,844		14,419
Accrued taxes		1,609		2,025
Accrued professional fees		1,451		1,331
Settlement payable (b)		55,000		—
Other		4,904		5,306
	$	104,421	$	70,751

(a) Consists primarily of liabilities recognized to reflect the contractual restriction that all funds collected in the Marketing Funds must be spent for designated purposes. See Note 2, Summary of Significant Accounting Policies for additional information.

(b) Represents the net settlement payable as part of the settlement of the Nationwide Claims. See Note 11, Commitments and Contingencies for additional information.

The following table presents a roll forward of the severance and related costs liability as related to the Reorganization and the strategic shift and restructure of its business, which is in “Accrued payroll and related employee costs” in the table above (in thousands):

Balance, January 1, 2023	$	3,631
Severance and other related expenses		4,246
Cash payments		(3,674)
Balance, September 30, 2023 (a)	$	4,203

(a) Includes $3.9 million relating to the Reorganization that occurred in the third quarter of 2023. The remaining liability balance is related to the strategic shift and restructure of its business that occurred in the third quarter of 2022.