Accrued and Other Liabilities

12 Months Ended

Dec. 31, 2023

(12) Accrued and Other Liabilities

Accrued and other liabilities at December 31, 2023 and 2022 are summarized as follows:


(in thousands)	2023		2022
Compensation and benefits	$	13,196	$	19,814
Accrued taxes	10,373		10,694
Legal contingencies	3,487		9,948
Product warranty liability	2,106		3,677
Current finance lease liabilities	1,770		693
Other accrued liabilities	18,528		11,438
Total	$	49,460	$	56,264

Changes in the product warranty obligation for the years ended December 31, 2023, 2022 and 2021 are summarized below:


(in thousands)	Beginning Balance		Settlements made		Accruals for warranties issued		Ending Balance
Year ended December 31,
2023	$	3,677	$	(4,397)	$	2,826	$	2,106
2022	$	3,585	$	(5,961)	$	6,053	$	3,677
2021	$	2,348	$	(7,547)	$	8,784	$	3,585

Other liabilities at December 31, 2023 and 2022 are summarized as follows:


(in thousands)	2023		2022
Long-term employee indemnity	$	4,790	$	4,817
Long-term tax liability	5,577		5,711
Defined benefit pension obligation	5,852		5,050
Long-term deferred revenue	2,028		4,974
Earnout liability	—		17,244
Legal contingencies	2,863		6,096
Other long-term liabilities	832		289
Long-term finance lease liabilities	11,458		3,280
Total	$	33,400	$	47,461

The reduction in the earnout liability balance is the result of the reversal of all previously recognized expense attributable to a potential post-acquisition milestone-based payment related to the Company's 2021 acquisition of Volumetric. During the year ended December 31, 2023, the Company reversed the accrued compensation expense related to the potential earnout payment as the related milestone is no longer deemed probable of being achieved. Refer to Note 17 for additional details regarding the earnout arrangement and the financial impact of this milestone-based payment no longer being deemed probable of being paid.