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Product Warranty Provisions
12 Months Ended
Dec. 31, 2024
Guarantees and Product Warranties [Abstract]  
Product Warranty Provisions

15. 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 with an assurance or a service-type warranty. 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 assurance-type warranty, which is included in other accrued liabilities, consists of the following (in thousands):

 

   December 31, 2024   December 31, 2023 
Warranty accrual, beginning of the fiscal period  $107   $163 
Accrual adjustment for product warranty   6    547 
Payments made   (63)   (603)
Warranty accrual, end of the fiscal period  $50   $107