Accrued Liabilities

12 Months Ended

Dec. 31, 2024

Accrued Liabilities.

Accrued Liabilities

8. Accrued Liabilities

Accrued liabilities consist of the following (in thousands):

	As of December 31,
	2024		2023
Marketing Funds (a)	$	27,995	$	28,753
Accrued payroll and related employee costs		15,444		14,231
Accrued taxes		2,153		2,567
Accrued professional fees		960		937
Settlements payable (b)		60,410		55,700
Other		3,897		5,246
	$	110,859	$	107,434

(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 settlement payable as part of the settlements of certain industry class-action lawsuits and other legal settlements. Settlement payables that are transacted in Canadian dollars have been translated into U.S. dollars at the balance sheet date. See Note 13, Commitments and Contingencies, for additional information.

The following table presents a rollforward of the liability as related to the restructuring activities, which are in “Accrued payroll and related employee costs” in the table above (in thousands):

Balance, January 1, 2022	$	—
Severance and other related expenses (a)		7,578
Cash payments		(3,947)
Balance December 31, 2022		3,631
Severance and other related expenses		4,211
Cash payments		(5,220)
Balance December 31, 2023 (b)	$	2,622
Severance and other related expenses		1,268
Cash payments		(2,497)
Balance, December 31, 2024 (c)	$	1,393

(a) Excludes $2.2 million of non-cash equity-based compensation expense from the accelerated vesting of certain grants in connection with the strategic shift and restructuring that occurred in the third quarter of 2022. See Note 2, Summary of Significant Accounting Policies, for additional information.

(b) Includes $2.6 million related to the Reorganization that occurred in the third quarter of 2023. The liability related to the strategic shift and restructure of the business that occurred in the third quarter of 2022 has been substantially paid as of December 31, 2023. See Note 2, Summary of Significant Accounting Policies for additional information.

(c) Includes $1.1 million related to the restructuring that occurred in the fourth quarter of 2024 and $0.3 million related to the Reorganization that occurred in the third quarter of 2023. See Note 2, Summary of Significant Accounting Policies for additional information.