Accrued Expenses And Other Current Liabilities

9 Months Ended

Sep. 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:

	September 30,		December 31,
(In thousands)	2022		2021
Employee compensation and benefits	$	83,566	$	85,760
Deferred acquisition payments and contingent consideration*	33,959		39,307
Current portion of accrued warranty	39,583		33,874
Other	86,030		84,497
Accrued expenses and other current liabilities	$	243,138	$	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 nine months ended September 30:

(In thousands)	2022		2021
Balance at beginning of period	$	52,114	$	47,091
Provision for warranty expense	36,362		18,798
Warranty liability from acquired businesses	—		5,611
Warranty costs paid	(29,373)		(22,054)
Balance at end of period	59,103		49,446
Less long-term portion	(19,520)		(19,010)
Current portion of accrued warranty at end of period	$	39,583	$	30,436