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Accounts Payable and Accrued Expenses
9 Months Ended
Sep. 30, 2018
Payables And Accruals [Abstract]  
Accounts Payable and Accrued Expenses

 

 

7.

Accounts Payable and Accrued Expenses

 

 

(Table only in thousands)

 

September 30, 2018

 

 

December 31, 2017

 

Trade accounts payable, including due to subcontractors

 

$

51,447

 

 

$

45,409

 

Compensation and related benefits

 

 

5,911

 

 

 

5,246

 

Current portion of earnout liability

 

 

 

 

 

2,989

 

Accrued warranty

 

 

3,707

 

 

 

4,464

 

Contract liabilities

 

 

6,622

 

 

 

1,676

 

Other accrued expenses

 

 

11,063

 

 

 

11,002

 

Total accounts payable and accrued expenses

 

$

78,750

 

 

$

70,786

 

 

The activity in the Company’s earnout liability was as follows for the nine months ended September 30, 2018 and 2017:

 

 

(Table only in thousands)

 

Energy Solutions Segment (a)

 

Earnout liability as of December 31, 2017

 

$

4,475

 

Compensation expense adjustment

 

 

222

 

Fair value adjustment

 

 

(330

)

Payment

 

 

(2,862

)

Other reclassification

 

 

(1,440

)

Foreign currency translation adjustment

 

 

(65

)

Total earnout liability as of September 30, 2018

 

$

                          —

 

 

 

(Table only in thousands)

 

Energy Solutions Segment (a)

 

Earnout liability as of December 31, 2016

 

$

24,214

 

Fair value adjustment

 

 

(5,689

)

Compensation expense adjustment

 

 

918

 

Payment

 

 

(15,193

)

Foreign currency translation adjustment

 

 

729

 

Total earnout liability as of September 30, 2017

 

 

4,979

 

Less: current portion of earnout

 

 

(3,514

)

Balance of long-term portion of earnout recorded in other liabilities at September 30, 2017

 

$

1,465

 

 

 

 

 

 

(a) The Fluid Handling Solutions and Industrial Solutions segments do not have any earnout arrangements associated with the segments.