TopBuild Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

Accrued Liabilities

6 Months Ended

Jun. 30, 2020

Accrued Liabilities

Accrued Liabilities

14. ACCRUED LIABILITIES

The following table sets forth the components of accrued liabilities, in thousands:


	As of
	June 30,		December 31,
	2020		2019
Accrued liabilities:
Salaries, wages, and commissions	$	33,463	$	32,154
Insurance liabilities		22,344		22,506
Deferred revenue		15,719		16,139
Interest payable on long-term debt		4,134		3,966
Income taxes payable		19,360		50
Other		25,669		23,603
Total accrued liabilities	$	120,689	$	98,418

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.