Note 9—Accrued Expenses

Accrued expenses consist of the following (in thousands):

	2014		2015
Royalties	$	34,378	$	21,599
Sales commissions		1,914		1,132
Bonuses		6,200		6,275
Professional fees		2,780		2,535
Acquisition earn-out		6,831		―
Salaries and employee benefits		149		185
Interest expense		2,675		2,333
Unearned revenue		1,379		1,720
Molds and tools		2,093		2,669
Reorganization costs		1,626		90
Media expense		5,846		―
Inventory liabilities		6,898		6,754
Goods in transit		3,743		2,736
Preference claims		1,017		―
Other		9,445		6,053
	$	86,974	$	54,081

In addition to royalties currently payable on the sale of licensed products during the quarter, the Company records a liability as Accrued Royalties for the estimated shortfall in achieving minimum royalty guarantees pursuant to certain license agreements (Note 16).

The Company incurred reorganization charges in the fourth quarter of 2009 and 2013 to consolidate and stream-line its existing business functions. Reorganization charges relate to the termination of lease obligations, one-time severance termination benefits, property and equipment impairments and other contract terminations and are accounted for in accordance with “Exit and Disposal Cost Obligations” ASC 420-10.

These rental property reorganization charges relate to the Company's Traditional Toys and Electronics segment. The components of the rental property reorganization charges are as follows (in thousands):

	Accrued Balance							Accrued Balance
	December 31, 2014		Accrual		Payments			December 31, 2015
2013 lease abandonment costs	$	1,258	$	―	$	(1,168	)	$	90
2009 lease abandonment costs		368		―		(368	)		―
Total reorganization charges	$	1,626	$	―	$	(1,536	)	$	90