Accounts payable and other as of December 31, 2025 and December 31, 2024, was comprised of the following:


	December 31,
	2025		2024
Trade payables	$	72,046	$	53,610
Accrued expenses		85,720		73,755
Interest payable		32,946		33,312
Income tax payable		11,099		30,459
Payroll-related accruals		25,156		24,100
Deposits for mass timber sales contracts (a)		16,434		4,345
Wastewater fee (b)		10,570		6,324
Finance lease liability		13,664		9,415
Operating lease liability		3,097		2,874
Other		12,149		10,467
	$	282,881	$	248,661

(a)

Revenues recognized for the year ended December 31, 2025 and 2024 from amounts recorded as deposits,
advances or progress billings within “Accounts payable and other” at the beginning of each year were $4,345
and $15,262, respectively.

(b)

The Company is required to pay certain fees based on wastewater emissions at its German mills. Accrued fees can be reduced upon the mills’ demonstration of improved wastewater emissions. Reduction to the wastewater fee for the year ended December 31, 2025 was approximately $nil (2024 – $2,189; 2023 – $4,348).