Product Warranties

9 Months Ended

Sep. 26, 2020

Product Warranties Disclosures [Abstract]

Product Warranties

Product Warranties

The Corporation issues certain warranty policies on its workplace furnishings and residential building products that provide for repair or replacement of any covered product or component that fails during normal use because of a defect in design, materials, or workmanship. Allowances have been established for the anticipated future costs associated with the Corporation's warranty programs.

A warranty allowance is determined by recording a specific allowance for known warranty issues and an additional allowance for unknown claims expected to be incurred based on historical claims experience.  Actual costs incurred could differ from the original estimates, requiring adjustments to the allowance.  Activity associated with warranty obligations was as follows (in thousands):

	Nine Months Ended
	September 26, 2020		September 28, 2019
Balance at beginning of period	$	15,865	$	15,450
Accruals for warranties issued during period	5,483		8,814
Adjustments related to pre-existing warranties	(272)		144
Settlements made during the period	(6,013)		(8,802)
Balance at end of period	$	15,063	$	15,606

The current and long-term portions of the allowance for estimated settlements are included within "Accounts payable and accrued expenses" and "Other Long-Term Liabilities", respectively, in the Condensed Consolidated Balance Sheets. The following table summarizes when these estimated settlements are expected to be paid (in thousands):

	September 26, 2020		December 28, 2019
Current - in the next twelve months	$	7,448	$	7,940
Long-term - beyond one year	7,615		7,925
Total	$	15,063	$	15,865