Accounts Payable and Accrued Expenses (Tables)

6 Months Ended

Jun. 30, 2017

Summary of Accounts Payable and Accrued Expenses

(Table only in thousands)	June 30, 2017		December 31, 2016
Trade accounts payable, including due to subcontractors	$	54,375	$	58,985
Compensation and related benefits		5,747		8,232
Current portion of earn-out liability		6,970		13,527
Accrued warranty		4,482		2,684
Other accrued expenses		10,018		12,182
	$	81,592	$	95,610

Schedule of Current and Long term Portion of Earn-out Liability

The activity in the Company’s current portion of earn-out liability and long-term portion of earn-out liability was as follows for the six months ended June 30, 2017 and 2016:

(Table only in thousands)	Energy Segment			Environmental Segment		Total⁽¹⁾
Balance of earn-out at December 31, 2016	$	24,214		$	—	$	24,214
Fair value adjustment		(1,755	)		—		(1,755	)
Compensation expense adjustment		597			—		597
Foreign currency translation adjustment		523			—		523
Payment		(15,193	)		—		(15,193	)
Total earn-out liability as of June 30, 2017	$	8,386		$	—	$	8,386
Less: current portion of earn-out		(6,970	)		—		(6,970	)
Balance of long term portion of earn-out recorded in Other liabilities at June 30, 2017	$	1,416		$	—	$	1,416

(Table only in thousands)	Energy Segment			Environmental Segment			Total⁽¹⁾
Balance of earn-out at December 31, 2015	$	29,304		$	3,367		$	32,671
Fair value adjustment		1,533			(500	)		1,033
Compensation expense adjustment		610			—			610
Foreign currency translation adjustment		(529	)		—			(529	)
Settlement through an exchange of accounts receivable		(3,190	)		—			(3,190	)
Payment		(1,241	)		(1,100	)		(2,341	)
Total earn-out liability as of June 30, 2016	$	26,487		$	1,767		$	28,254
Less: current portion of earn-out		(17,580	)		(667	)		(18,247	)
Balance of long term portion of earn-out recorded in Other liabilities at June 30, 2016	$	8,907		$	1,100		$	10,007

(1)

The Fluid Handling and Filtration segment does not have any earn-out arrangements associated with the segment.