XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.2
COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 26, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

16. COMMITMENTS AND CONTINGENCIES

 

The Company is a party to various lawsuits and claims in the normal course of business. While the lawsuits and claims against the Company cannot be predicted with certainty, management believes that the ultimate resolution of the matters will not have a material effect on the consolidated financial position or results of operations of the Company.

 

In September 2021, the Company experienced a cybersecurity incident. For details regarding this incident, see Part II - Other Information, Item 1A - Risk Factors of this Form 10-Q.

 

The Company generally warrants its products against certain manufacturing and other defects. These product warranties are provided for specific periods of time depending on the nature of the product. The accrued product warranty costs are based primarily on historical experience of actual warranty claims and are recorded at the time of the sale.

 

The following table provides the changes in the Company's accrual for product warranties, which is classified as a component of accrued liabilities in the condensed consolidated balance sheets.

 

 

 

For the thirteen weeks ended

 

 

For the thirty-nine weeks ended

 

 

 

September 26, 2021

 

 

September 27, 2020

 

 

September 26, 2021

 

 

September 27, 2020

 

Beginning balance

 

$

2,928

 

 

$

2,962

 

 

$

3,989

 

 

$

3,454

 

Accrued for current year
   warranty claims

 

 

2,027

 

 

 

3,710

 

 

 

5,462

 

 

 

7,637

 

Settlement of warranty claims

 

 

(2,310

)

 

 

(3,176

)

 

 

(6,806

)

 

 

(7,595

)

Ending balance

 

$

2,645

 

 

$

3,496

 

 

$

2,645

 

 

$

3,496