Customer-related liabilities as of March 31, 2025 and December 31, 2024 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 consisted of the following:


	Three Months Ended March 31,
	2025			2024
Balance at beginning of the period	$	5,423		$	5,539
Satisfaction of warranty claims		(855	)		(394	)
Provision for warranty claims, net		237			588
Other, primarily impact from changes in foreign currency exchange rates		253			(136	)
Balance at end of the period	$	5,058		$	5,597

Customer deposits represent amounts collected from, or invoiced to, a customer in advance of revenue recognition when necessary to secure the right to a specific product. 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 condensed consolidated balance sheets.

Changes in customer deposits consisted of the following:


	Three Months Ended March 31,
	2025			2024
Balance at beginning of the period	$	21,503		$	13,078
Satisfaction of performance obligations		(9,836	)		(2,567	)
Receipt of additional deposits		11,369			7,704
Other, primarily impact from changes in foreign currency exchange rates		49			(17	)
Balance at end of the period		23,085			18,198
Deposits - Other noncurrent liabilities		(2,746	)		(4,430	)
Deposits - Other current liabilities	$	20,339		$	13,768