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Supplementary Balance Sheet Information (Tables)
12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Inventories

Inventories

 

 

December 31,

 

 

2023

 

 

2022

 

Raw materials

$

104,643

 

 

$

118,292

 

Work-in-process

 

21,010

 

 

 

23,328

 

Finished goods

 

23,311

 

 

 

25,738

 

Demo and consigned inventory

 

407

 

 

 

639

 

Total inventories

$

149,371

 

 

$

167,997

 

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

 

December 31,

 

 

2023

 

 

2022

 

Cost:

 

 

 

 

 

Land, buildings and improvements

$

95,020

 

 

$

86,026

 

Machinery and equipment

 

117,487

 

 

 

110,212

 

Total cost

 

212,507

 

 

 

196,238

 

Accumulated depreciation

 

(103,058

)

 

 

(93,052

)

Property, plant and equipment, net

$

109,449

 

 

$

103,186

 

 

Summary of Depreciation Expense on Property, Plant and Equipment, Including Demo Units and Assets under Finance Leases

The following table summarizes depreciation expense on property, plant and equipment, including demo units and assets under finance leases (in thousands):

 

Year Ended December 31,

 

 

2023

 

 

2022

 

 

2021

 

Depreciation expense

$

14,017

 

 

$

13,550

 

 

$

13,529

 

Accrued Expenses and Other Current Liabilities

The following table summarizes accrued expenses and other current liabilities as of the dates indicated (in thousands):

 

December 31,

 

 

2023

 

 

2022

 

Accrued compensation and benefits

$

32,703

 

 

$

35,501

 

Finance lease obligations

 

718

 

 

 

668

 

Contract liabilities, current portion

 

5,553

 

 

 

8,128

 

Accrued warranty

 

5,292

 

 

 

5,127

 

Other

 

16,790

 

 

 

13,620

 

Total

$

61,056

 

 

$

63,044

 

Accrued Warranty

The following table summarizes changes in accrued warranty for the periods indicated (in thousands):

 

Year Ended December 31,

 

 

2023

 

 

2022

 

 

2021

 

Balance at beginning of year

$

5,127

 

 

$

4,783

 

 

$

4,919

 

Provision charged to cost of revenue

 

2,445

 

 

 

3,071

 

 

 

1,410

 

Warranty liabilities acquired from acquisitions

 

 

 

 

 

 

 

874

 

Use of provision

 

(2,338

)

 

 

(2,615

)

 

 

(2,326

)

Foreign currency exchange rate changes

 

58

 

 

 

(112

)

 

 

(94

)

Balance at end of year

$

5,292

 

 

$

5,127

 

 

$

4,783

 

Other Long Term Liabilities

The following table summarizes other long-term liabilities as of the dates indicated (in thousands):

 

December 31,

 

 

2023

 

 

2022

 

Finance lease obligations

$

3,934

 

 

$

4,652

 

Accrued contingent considerations and earn-outs

 

311

 

 

 

301

 

Other

 

1,687

 

 

 

1,132

 

Total

$

5,932

 

 

$

6,085