Accrued Expenses And Other Current Liabilities

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
(In thousands)	2022		2021
Employee compensation and benefits	$	94,585	$	85,760
Deferred acquisition payments and contingent consideration*	54,523		39,307
Current portion of accrued warranty	40,172		33,874
Other	106,158		84,497
Accrued expenses and other current liabilities	$	295,438	$	243,438

* Includes current portion of contingent consideration (Note 11) and deferred acquisition payments (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 six months ended June 30:

(In thousands)	2022		2021
Balance at beginning of period	$	52,114	$	47,091
Provision for warranty expense	28,164		12,304
Warranty liability from acquired businesses	—		125
Warranty costs paid	(18,646)		(15,360)
Balance at end of period	61,632		44,160
Less long-term portion	(21,460)		(18,790)
Current portion of accrued warranty at end of period	$	40,172	$	25,370