Accrued Expenses And Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following at December 31:



(In thousands)	2021		2020
Employee compensation and benefits	$	85,760	$	62,555
Deferred acquisition payments and contingent consideration*	39,307		16,627
Current portion of accrued warranty	33,874		32,451
Customer rebates	11,541		23,670
Other	72,956		52,897
Accrued expenses and other current liabilities	$	243,438	$	188,200

* Includes current portion of contingent consideration (Note 12) and deferred consideration and holdback payments related to acquisitions (Note 4).

Schedule of Reconciliation of the Activity Related to Accrued Warranty

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 years ended December 31:


(In thousands)	2021		2020		2019
Balance at beginning of period	$	47,091	$	47,167	$	46,530
Provision for warranty expense	28,223		19,037		30,520
Warranty liability from acquired businesses	7,890		2,915		287
Warranty costs paid	(31,090)		(22,028)		(30,170)
Balance at end of period	52,114		47,091		47,167
Less long-term portion	18,240		14,640		17,269
Current portion of accrued warranty at end of period	$	33,874	$	32,451	$	29,898

Warranty costs paid for the year ended December 31, 2021 included $3.5 million of payments related to a specific warranty issue known at the time of acquisition of 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.