Extended Maintenance Contracts

9 Months Ended

Sep. 30, 2024

Extended Maintenance Contracts

Extended Maintenance Contracts

3. Extended Maintenance Contracts

On a quarterly basis, we evaluate any potential losses related to our extended maintenance contracts for sales of equipment, related infrastructure and other that have been sold. The following table shows the roll forward of balances in the accrual for loss contracts, including changes due to the provision for loss accrual, releases to service cost of sales, increase to loss accrual related to customer warrants, and foreign currency translation adjustment (in thousands):

	Nine months ended		Year ended
	September 30, 2024		December 31, 2023
Beginning balance	$	137,853	$	81,066
Provision for loss accrual		37,997		85,375
Releases to service cost of sales		(38,823)		(29,713)
Increase to loss accrual related to customer warrants		268		971
Foreign currency translation adjustment		214		154
Ending balance	$	137,509	$	137,853