Accrued Expenses And Other Current Liabilities

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
(In thousands)	2021		2020
Employee compensation and benefits	$	81,906	$	62,555
Current portion of accrued warranty	25,370		32,451
Customer rebates	12,531		23,670
Other	80,581		69,524
Accrued expenses and other current liabilities	$	200,388	$	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 six months ended June 30:

(In thousands)	2021		2020
Balance at beginning of period	$	47,091	$	47,167
Provision for warranty expense	12,304		8,358
Warranty liability from acquired businesses	125		—
Warranty costs paid	(15,360)		(10,916)
Balance at end of period	44,160		44,609
Less long-term portion	18,790		16,281
Current portion of accrued warranty at end of period	$	25,370	$	28,328

Warranty costs paid for the six months ended June 30, 2021 include $2.6 million of payments related to a specific warranty issue known at the time of acquisition of CURT Acquisition Holdings, Inc. (with its subsidiaries, "CURT") in

December 2019. These payments will be reimbursed to the Company by the sellers of CURT under the terms of the stock purchase agreement.