ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2017

ACCRUED EXPENSES

ACCRUED EXPENSES

7.ACCRUED EXPENSES

Accrued expenses consisted of the following at:

	June 30, 2017		December 31, 2016
Accrued professional fees	$	5,987	$	6,258
Accrued marketing fees		2,633		4,852
Accrued revenue reserves		4,348		3,783
Accrued royalties		5,151		2,996
Accrued employee-related expenses		3,148		9,153
Accrued interest		6,700		4,715
Other accrued liabilities		949		384
Total accrued expenses	$	28,916	$	32,141

Exit and Disposal Activities

In connection with the Merger, the Company incurred certain exit costs, primarily severance benefits to former Pozen and Tribute employees. The following table summarizes the exit activity within accrued expenses and other long-term liabilities in the condensed consolidated balance sheets:

Accrued severance balance at December 31, 2016	$	2,300
Severance expense		775
Cash payments		(2,383)
Impact of foreign exchange		20
Accrued severance balance at June 30, 2017	$	712

The Company expects to pay the remaining accrued severance balance of $0.7 million during the remainder of 2017.