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Accrued Expenses (Tables) | 12 Months Ended
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Dec. 31, 2023
Payables and Accruals [Abstract] |
Summary of Accounts Payable and Accrued Expenses | Accrued expenses consisted of the following:
|  | December 31, |
(table only in thousands) |  | 2023 |  |  | 2022 |
Compensation and related benefits |  | $ | 11,278 |  |  | $ | 9,577 |
Accrued warranty |  |  | 5,105 |  |  |  | 3,691 |
Contract liability |  |  | 7,875 |  |  |  | 4,516 |
Short-term operating lease liability |  |  | 4,278 |  |  |  | 3,228 |
Other |  |  | 15,765 |  |  |  | 12,779 |
Total accrued expenses |  | $ | 44,301 |  |  | $ | 33,791 |
Summary of Activity of Current Portion of Earnout Liability | The activity in the Company’s earnout liability consisted of the following:
|  | December 31, |
(table only in thousands) |  | 2023 |  |  | 2022 |
Earnout accrued at beginning of year |  | $ | 1,200 |  |  | $ | 1,037 |
Fair value of earnout at acquisition date |  |  | 2,800 |  |  |  | 1,429 |
Fair value adjustment |  |  | 296 |  |  |  | (229 | )
Payments and other |  |  | (2,096 | ) |  |  | (1,037 | )
Earnout accrued at end of year |  | $ | 2,200 |  |  | $ | 1,200 |
Current portion, recorded within Accrued expenses |  |  | 1,115 |  |  |  | 1,200 |
Non-current portion, recorded within Other liabilities |  |  | 1,085 |  |  |  | — |

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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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