Accrued Expenses and Other Liabilities

9 Months Ended

Sep. 30, 2023

NOTE 10 – Accrued Expenses and Other Liabilities

The components of accrued expenses and other liabilities are as follows:


	As of
	September 30,		December 31,
	2023		2022
Accrued product related costs	$	2,331	$	2,368
Accrued income taxes		6,840		9,630
Accrued property and other taxes		2,373		2,142
Accrued professional fees		1,261		1,472
Accrued customer related liabilities		1,676		2,837
Dividends payable		1,248		1,272
Remediation reserves		12,006		11,048
Derivative liabilities		17		357
Other accrued liabilities		8,052		4,196
Total accrued expenses and other liabilities	$	35,804	$	35,322

The increase in Other accrued liabilities is primarily due to additional accruals related to 2023 exit and disposal activities as well as a contingent liability accrual associated with the 2023 Maglab acquisition. Refer to Note 9 “Costs Associated with Exit and Restructuring Activities” and Note 3 “Business Acquisitions”, respectively, for further discussion on these items.