XML 41 R27.htm IDEA: XBRL DOCUMENT v3.20.4
Warranty Reserves
 12 Months Ended
Jan. 03, 2021
Product Warranties Disclosures [Abstract]  
Warranty Reserves Warranty Reserves
The Company provides warranty protection for certain products usually for a period of one year beyond the date of sale. The majority of costs associated with warranty obligations include the replacement of parts and the time for service personnel to respond to repair and replacement requests. A warranty reserve is recorded based upon historical results, supplemented by management’s expectations of future costs. Warranty reserves are included in “Accrued expenses and other current liabilities” on the consolidated balance sheets.

A summary of warranty reserve activity for the fiscal years ended January 3, 2021, December 29, 2019 and December 30, 2018 is as follows:
 
 (In thousands)
Balance at December 31, 2017$9,050 
Provision charged to income13,545 
Payments(13,775)
Adjustments to previously provided warranties, net(157)
Foreign currency translation and acquisitions(270)
Balance at December 30, 20188,393 
Provision charged to income12,199 
Payments(14,613)
Adjustments to previously provided warranties, net2,889 
Foreign currency translation and acquisitions(56)
Balance at December 29, 20198,812 
Provision charged to income15,315 
Payments(15,130)
Adjustments to previously provided warranties, net2,721 
Foreign currency translation and acquisitions355 
Balance at January 3, 2021$12,073