Other Current Liabilities

12 Months Ended

Dec. 31, 2022

Other Liabilities Disclosure [Abstract]

Other Current Liabilities

NOTE 8 – OTHER CURRENT LIABILITIES:

Other current liabilities as of December 31, 2022 and 2021 were comprised of the following:

	2022		2021
Customer-related liabilities	$	16,771	$	12,548
Accrued utilities		2,484		3,098
Accrued sales commissions		1,681		1,864
Accrued interest payable		185		1,772
Other		3,642		1,928
Other current liabilities	$	24,763	$	21,210

Customer-related liabilities primarily include liabilities for product warranty claims and deposits received on future orders. Changes in the liability for product warranty claims for the years ended December 31, 2022 and 2021 consisted of the following:

	2022			2021
Balance at the beginning of the year	$	7,331		$	8,105
Satisfaction of warranty claims		(3,020	)		(3,220	)
Provision for warranty claims		1,438			2,509
Other, primarily impact from changes in foreign currency exchange rates		(556	)		(63	)
Balance at the end of the year	$	5,193		$	7,331

Customer deposits represent amounts collected from, or invoiced to, a customer in advance of revenue recognition and are recorded as an other current liability on the consolidated balance sheet. The liability for customer deposits is reversed when the Corporation satisfies its performance obligations and control of the inventory transfers to the customer, typically when title transfers. Performance obligations related to customer deposits are expected to be satisfied in less than one year.

Changes in customer deposits for the years ended December 31, 2022 and 2021 consisted of the following:

	2022			2021
Balance at the beginning of the year	$	4,328		$	6,507
Satisfaction of performance obligations		(10,735	)		(12,870	)
Receipt of additional deposits		17,026			10,729
Other, primarily changes in foreign currency exchange rates		(166	)		(38	)
Balance at the end of the year	$	10,453		$	4,328