Accrued Expenses and Other Current Liabilities

The components of accrued expenses and other current liabilities consisted of the following:



	As of
(in thousands)	September 30, 2019		September 30, 2018
Compensation	$	5,185	$	3,065
Warranty	654		642
Legal expenses and other professional fees	4,407		604
Contract liabilities	541		390
Income and other taxes	1,135		961
Severance and restructuring accruals	172		82
Other	2,427		1,829
Accrued expenses and other current liabilities	$	14,521	$	7,573

Warranty: The following table summarizes the changes in our product warranty accrual accounts:



Product Warranty Accruals	For the fiscal year ended September 30,
(in thousands)	2019			2018			2018
Balance at beginning of period	$	642		$	684		$	871
Provision for product warranty - expense	186			431			573
Warranty liability assumed in acquisition liability	80			—			—
Utilization of warranty accrual	(254		)	(473		)	(760		)
Balance at end of period	$	654		$	642		$	684

Severance and restructuring accruals: On December 4, 2018, the Company and Jikun Kim, the Company's former Chief Financial Officer, entered into a Separation and General Release Agreement (the “Separation Agreement”) pursuant to which the Company and Mr. Kim agreed that he would cease service with the Company effective as of December 31, 2018 (the “Separation Date”). The Separation Agreement provided for, among other things, the continuation of his base salary for a period of two months following the Separation Date and a lump sum payment of $22,875 in lieu of any cash bonus payment under the Company’s Fiscal Year 2018 Bonus Plan, in each case subject to his execution and non-revocation of a general release agreement releasing the Company from any liability or obligation to him and compliance with certain confidentiality, non-solicitation and other restrictive covenants as provided in the Separation Agreement. Mr. Kim’s outstanding equity awards that remained unvested as of the Separation Date were cancelled and terminated. The Company recorded a charge of approximately $0.1 million in the fiscal year ended September 30, 2019 related to this Separation Agreement.

In an effort to better align our current and future business operations related to our CATV product lines, in August 2019 the Company reduced its workforce by approximately 40 individuals and recorded a charge for severance for the affected employees in the amount of $0.5 million in the fiscal year ended September 30, 2019.

Our severance and restructuring-related accruals specifically relate to the Separation Agreement described above, the reduction in force and non-cancelable obligations associated with an abandoned leased facility. Expense related to severance and restructuring accruals is included in selling, general, and administrative expense on our consolidated statements of operations and comprehensive (loss) income. The following table summarizes the changes in the severance and restructuring accrual account:



(in thousands)	Severance-related accruals			Restructuring- related accruals			Total
Balance as of September 30, 2018	$	7		$	75		$	82
Expense - charged to accrual	531			—			531
Payments and accrual adjustments	(366		)	(75		)	(441		)
Balance as of September 30, 2019	$	172		$	—		$	172