Accounts Payable and Accrued Expenses

9 Months Ended

Sep. 30, 2018

Payables And Accruals [Abstract]

Accounts Payable and Accrued Expenses

7. Accounts Payable and Accrued Expenses

(Table only in thousands)	September 30, 2018		December 31, 2017
Trade accounts payable, including due to subcontractors	$	51,447	$	45,409
Compensation and related benefits		5,911		5,246
Current portion of earnout liability		—		2,989
Accrued warranty		3,707		4,464
Contract liabilities		6,622		1,676
Other accrued expenses		11,063		11,002
Total accounts payable and accrued expenses	$	78,750	$	70,786

The activity in the Company’s earnout liability was as follows for the nine months ended September 30, 2018 and 2017:

(Table only in thousands)	Energy Solutions Segment (a)
Earnout liability as of December 31, 2017	$	4,475
Compensation expense adjustment		222
Fair value adjustment		(330	)
Payment		(2,862	)
Other reclassification		(1,440	)
Foreign currency translation adjustment		(65	)
Total earnout liability as of September 30, 2018	$	—

(Table only in thousands)	Energy Solutions Segment (a)
Earnout liability as of December 31, 2016	$	24,214
Fair value adjustment		(5,689	)
Compensation expense adjustment		918
Payment		(15,193	)
Foreign currency translation adjustment		729
Total earnout liability as of September 30, 2017		4,979
Less: current portion of earnout		(3,514	)
Balance of long-term portion of earnout recorded in other liabilities at September 30, 2017	$	1,465
(a) The Fluid Handling Solutions and Industrial Solutions segments do not have any earnout arrangements associated with the segments.