Other Current Liabilities

6 Months Ended

Jun. 28, 2024

Accrued Liabilities, Current [Abstract]

Other Current Liabilities

Other Current Liabilities

Components of other current liabilities were as follows (in thousands):

	June 28, 2024		December 29, 2023
Accrued self-insurance retentions	$	8,918	$	8,654
Accrued warranty and service liabilities	14,534		15,408
Accrued trade promotions	11,507		14,312
Payable for employee stock purchases	8,079		16,639
Customer advances and deferred revenue	51,412		51,578
Income taxes payable	6,899		9,837
Tax payable, other	10,317		12,289
Right of return refund liability	17,536		17,826
Operating lease liabilities, current	7,247		8,242
Other	27,667		30,574
Total	$	164,116	$	185,359

A liability is established for estimated future warranty and service claims that relate to current and prior period sales. The Company estimates warranty costs based on historical claim experience and other factors, including evaluating specific product warranty issues. Following is a summary of activity in accrued warranty and service liabilities (in thousands):

Balance, December 29, 2023	$	15,408
Charged to expense	4,620
Margin on parts sales reversed	1,649
Reductions for claims settled	(7,143)
Balance, June 28, 2024	$	14,534

Customer Advances and Deferred Revenue

Revenue is deferred when cash payments are received or due in advance of performance, including amounts which are refundable. This is also the case for services associated with certain product sales. During the three and six months ended June 28, 2024, we recognized $13.4 million and $42.1 million, respectively, that was included in deferred revenue at December 29, 2023. During the three and six months ended June 30, 2023, we recognized $16.0 million and $36.6 million, respectively, that were included in deferred revenue at December 30, 2022.