Accrued Expenses

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses:

Accrued expenses consist of the following at December 31, 2019 and 2018 (in thousands):

	December 31,
	2019		2018
Employee benefits, payroll and related taxes	$	82,028	$	77,814
Wodgina Project acquisition consideration obligation(a)	260,686		—
Other(b)	210,446		179,509
Total	$	553,160	$	257,323

(a) Represents the 40% interest in the Kemerton assets, which are under construction, expected to be transferred to MRL in the next twelve months as part of the consideration paid for the Wodgina Project acquisition, as well as the $64.8 million of stamp duties levied on the assets purchased. See Note 2, “Acquisitions,” for further details.

(b)

No individual component exceeds 5% of total current liabilities.