Accrued Expenses And Other Current Liabilities

3 Months Ended

Mar. 31, 2021

Payables and Accruals [Abstract]

Accrued Expenses And Other Current Liabilities

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following at:

	March 31,		December 31,
(In thousands)	2021		2020
Employee compensation and benefits	$	65,979	$	62,555
Income taxes payable	32,214		9,697
Current portion of accrued warranty	23,780		32,451
Customer rebates	23,126		23,670
Other	65,460		59,827
Accrued expenses and other current liabilities	$	210,559	$	188,200

Estimated costs related to product warranties are accrued at the time products are sold. In estimating its future warranty obligations, the Company considers various factors, including the Company’s (i) historical warranty costs, (ii) current trends, (iii) product mix, and (iv) sales. The following table provides a reconciliation of the activity related to the Company’s accrued warranty, including both the current and long-term portions, for the three months ended March 31:

(In thousands)	2021		2020
Balance at beginning of period	$	47,091	$	47,167
Provision for warranty expense	6,977		5,879
Warranty costs paid	(8,288)		(6,603)
Balance at end of period	45,780		46,443
Less long-term portion	22,000		17,800
Current portion of accrued warranty at end of period	$	23,780	$	28,643