Accrued Expenses And Other Current Liabilities

3 Months Ended

Mar. 31, 2022

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)	2022		2021
Employee compensation and benefits	$	85,797	$	85,760
Income taxes payable	76,159		10,561
Deferred acquisition payments and contingent consideration*	57,388		39,307
Current portion of accrued warranty	38,255		33,874
Other	87,887		73,936
Accrued expenses and other current liabilities	$	345,486	$	243,438

* Includes current portion of contingent consideration (Note 11) and deferred consideration and holdback payments related to acquisitions (Note 4).

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 historical warranty costs, warranty claim lag, and 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)	2022		2021
Balance at beginning of period	$	52,114	$	47,091
Provision for warranty expense	15,441		6,977
Warranty costs paid	(8,770)		(8,288)
Balance at end of period	58,785		45,780
Less long-term portion	20,530		22,000
Current portion of accrued warranty at end of period	$	38,255	$	23,780