Product Warranty Provisions

9 Months Ended

Sep. 30, 2023

Guarantees and Product Warranties [Abstract]

Product Warranty Provisions

10. Product Warranty Provisions

The Company’s standard policy is to warrant all capital systems against defects in material or workmanship for one year following installation. The Company’s estimate of costs to service the warranty obligations is based on historical experience and current product performance trends. A regular review of warranty obligations is performed to determine the adequacy of the reserve and adjustments are made to the estimated warranty liability as appropriate.

Accrued warranty, which is included in other accrued liabilities, consists of the following (in thousands):

	September 30, 2023			December 31, 2022
Warranty accrual, beginning of the fiscal period	$	163		$	242
Accrual adjustment for product warranty		139			113
Payments made		(191	)		(192	)
Warranty accrual, end of the fiscal period	$	111		$	163