Table:
|  | August 31, 2019 | August 31, 2018 |
| --- | --- | --- |
| Contract liabilities | $511,329 | $— |
| Deferred income | — | 691,365 |
| Accrued compensation and employee benefits | 600,907 | 570,400 |
| Obligation associated with securitization programs | 475,251 | — |
| Other accrued expenses | 1,402,657 | 1,000,979 |
| Accrued expenses | $2,990,144 | $2,262,744 |
Paragraphs:
7. Accrued Expenses
Accrued expenses consist of the following (in thousands):
Question:
What was the percentage change in accrued expenses between 2018 and 2019?
Answer: ($2990144-$2262744)/$2262744 = 32.15