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OTHER | 12 Months Ended
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Dec. 31, 2017
OTHER | NOTE N — OTHER Inventory The components of inventory are as follows:
|  | December 31, |
|  | 2017 |  |  | 2016 |
|  | (in thousands) |
Finished goods |  | $ | 129,611 |  |  | $ | 132,564 |
Work in process |  |  | 1,548 |  |  |  | 1,521 |
Raw materials |  |  | 1,277 |  |  |  | 1,127 |
Total |  | $ | 132,436 |  |  | $ | 135,212 |
Property and equipment Property and equipment consist of:
|  | December 31, |
|  | 2017 |  |  | 2016 |
|  | (in thousands) |
Machinery, furniture and equipment |  | $ | 91,282 |  |  | $ | 89,545 |
Leasehold improvements |  |  | 32,591 |  |  |  | 30,019 |
Building and improvements |  |  | 787 |  |  |  | 1,622 |
Construction in progress |  |  | 3,122 |  |  |  | 2,639 |
Land |  |  | 100 |  |  |  | 100 |
|  |  | 127,882 |  |  |  | 123,925 |
Less: accumulated depreciation and amortization |  |  | (104,817 | ) |  |  | (102,794 | )
Total |  | $ | 23,065 |  |  | $ | 21,131 |
Depreciation and amortization expense of property and equipment for the years ended December 31, 2017, 2016, and 2015 was $6.6 million, $8.0 million and $7.2 million, respectively. In 2016, the Company identified and corrected an error in the accumulated depreciation balance relating to certain leasehold improvements at one of its U.S. warehouses. Accordingly, distribution expense for the year ended December 31, 2016 includes $1.2 million of additional depreciation expense to properly reflect the accumulated depreciation balance of these assets as of December 31, 2016. Included in machinery, furniture and equipment at each of December 31, 2017 and 2016 is $2.0 million and $2.2 million, respectively, related to assets recorded under capital leases. Included in accumulated depreciation and amortization at December 31, 2017 and December 31, 2016 is $1.9 million and $2.0 million, respectively, related to assets recorded under capital leases. Accrued expenses Accrued expenses consist of:
|  | December 31, |
|  | 2017 |  |  | 2016 |
|  | (in thousands) |
Customer allowances and rebates |  | $ | 11,662 |  |  | $ | 10,787 |
Compensation and benefits |  |  | 9,613 |  |  |  | 13,616 |
Interest |  |  | 191 |  |  |  | 185 |
Vendor invoices |  |  | 4,027 |  |  |  | 5,415 |
Royalties |  |  | 1,744 |  |  |  | 2,095 |
Commissions |  |  | 786 |  |  |  | 947 |
Freight |  |  | 4,002 |  |  |  | 1,684 |
Professional fees |  |  | 3,160 |  |  |  | 1,464 |
VAT |  |  | 1,176 |  |  |  | 648 |
Contingent consideration related to acquisitions |  |  | — |  |  |  | 738 |
HSBC collection receipts (1) |  |  | — |  |  |  | 3,335 |
Foreign exchange contracts |  |  | 1,951 |  |  |  | — |
Other |  |  | 5,809 |  |  |  | 4,298 |
Total |  | $ | 44,121 |  |  | $ | 45,212 |
| (1) | Collections received on behalf of HSBC in connection with the Receivable Purchase Agreement.
Deferred rent & other long-term liabilities Deferred rent & other long-term liabilities consist of:
|  | December 31, |
|  | 2017 |  |  | 2016 |
|  | (in thousands) |
Deferred rent liability |  | $ | 13,399 |  |  | $ | 12,213 |
Retirement benefit obligations |  |  | 6,829 |  |  |  | 6,629 |
Capital lease obligations |  |  | 21 |  |  |  | 128 |
Derivative liability |  |  | — |  |  |  | 3 |
Total |  | $ | 20,249 |  |  | $ | 18,973 |
Supplemental cash flow information
|  | Year Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in thousands) |
Supplemental disclosure of cash flow information: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for interest |  | $ | 3,791 |  |  | $ | 4,171 |  |  | $ | 4,909 |
Cash paid for taxes |  |  | 12,936 |  |  |  | 6,384 |  |  |  | 8,963 |
Non-cash investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Translation adjustment |  | $ | 7,823 |  |  | $ | (23,061 | ) |  | $ | (5,281 | )
Components of accumulated other comprehensive loss, net
|  | Year Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in thousands) |
Accumulated translation adjustment: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | (35,644 | ) |  | $ | (12,961 | ) |  | $ | (7,680 | )
Translation adjustment during period |  |  | 7,823 |  |  |  | (23,061 | ) |  |  | (5,281 | )
Amounts reclassified from accumulated other comprehensive loss: (1) |  |  |  |  |  |  |  |  |  |  |  |
Currency translation adjustment |  |  | — |  |  |  | 378 |  |  |  | — |
Balance at end of year |  | $ | (27,821 | ) |  | $ | (35,644 | ) |  | $ | (12,961 | )
Accumulated deferred gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | (3 | ) |  | $ | (20 | ) |  | $ | (18 | )
Derivative fair value adjustment, net of tax |  |  | 17 |  |  |  | 17 |  |  |  | (2 | )
Balance at end of year (2) |  | $ | 14 |  |  | $ | (3 | ) |  | $ | (20 | )
Accumulated effect of retirement benefit obligations: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | (1,352 | ) |  | $ | (1,204 | ) |  | $ | (2,224 | )
Net gain (loss) arising from retirement benefit obligations, net of tax |  |  | (228 | ) |  |  | (202 | ) |  |  | 941 |
Amounts reclassified from accumulated other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of loss, net of tax(3) |  |  | 62 |  |  |  | 54 |  |  |  | 79 |
Balance at end of year |  | $ | (1,518 | ) |  | $ | (1,352 | ) |  | $ | (1,204 | )
(1) | Amount is recorded in equity in earnings (losses) on the consolidated statements of operations.
(2) | No amounts were reclassified out of accumulated other comprehensive loss. Amounts reclassified would be recorded in interest expense on the consolidated statements of operations.
(3) | Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.

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- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
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