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Accrued Expenses
 12 Months Ended
Dec. 31, 2025
Disclosure Text Block Supplement [Abstract]  
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 7—Accrued Expenses

 

Accrued expenses consist of the following (in thousands):

 

   December 31, 
   2025   2024 
Royalties  $16,985   $25,893 
Inventory liabilities   5,131    5,131 
Salaries and employee benefits   4,934    4,556 
Warehousing and Logistics   4,769    1,261 
Goods in transit   2,075    2,128 
Professional fees   1,316    1,337 
Bonuses   857    1,197 
Other   7,009    6,953 
   $43,076   $48,456 

 

In addition to royalties currently payable on the sale of licensed products during the year, the Company records a liability as accrued royalties for the estimated shortfall in achieving minimum royalty guarantees pursuant to certain license agreements (see Note–15 - Commitments).

 

Accrued expenses – long-term related primarily to obligations from the Company’s non-qualified deferred compensation plan (see Note 17 – Employee Benefit Plans) which were $4.4 million and $2.6 million as of December 31, 2025 and 2024, respectively.