Customer-related liabilities as of December 31, 2024 and 2023 primarily include liabilities for product warranty claims and deposits received on future orders. The Corporation provides a limited warranty on its products, known as an assurance-type warranty, and may issue credit notes or replace products free of charge for valid claims. A warranty is considered an assurance-type warranty if it provides the customer with assurance that the product will function as intended. Historically, warranty claims have been insignificant. The Corporation records a provision for estimated product warranties at the time the underlying sale is recorded. The provision is based on historical experience as a percentage of sales adjusted for probable and known claims.

Changes in the liability for product warranty claims for the years ended December 31, 2024 and 2023 consisted of the following:


	2024			2023
Balance at the beginning of the year	$	5,539		$	5,193
Satisfaction of warranty claims		(1,483	)		(1,828	)
Provision for warranty claims		1,136			1,976
Other, primarily impact from changes in foreign currency exchange rates		231			198
Balance at the end of the year	$	5,423		$	5,539

Customer deposits represent amounts collected from, or invoiced to, a customer in advance of revenue recognition. 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. The majority of performance obligations related to customer deposits are expected to be satisfied in less than one year. Performance obligations related to customer deposits expected to be satisfied beyond one year have been classified as a noncurrent liability on the consolidated balance sheet.

Changes in customer deposits for the years ended December 31, 2024 and 2023 consisted of the following:


	2024			2023
Balance at the beginning of the year	$	13,078		$	10,453
Satisfaction of performance obligations		(22,251	)		(25,854	)
Receipt of additional deposits		30,722			28,457
Other, primarily changes in foreign currency exchange rates		(46	)		22
Balance at the end of the year		21,503			13,078
Deposits - Other noncurrent liabilities		(2,521	)		—
Deposits - Other current liabilities	$	18,982		$	13,078