|6 Months Ended|
Jun. 30, 2020
14. ACCRUED LIABILITIES
The following table sets forth the components of accrued liabilities, in thousands:
See Note 3 – Revenue Recognition for discussion of our deferred revenue balances and related revenue recognition policy.
Income taxes payable as of June 30, 2020 increased to $19.4 million primarily as a result of the government’s response to COVID-19, which delayed the due date for certain tax payments which would have historically been paid by June 30, 2020. In the prior year, these payments were represented as prepaid expenses and other current assets on the condensed consolidated balance sheet.