Accrued Expenses And Other Current Liabilities

3 Months Ended

Mar. 31, 2023

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)	2023		2022
Employee compensation and benefits	$	57,148	$	77,804
Deferred acquisition payments and contingent consideration*	34,086		34,013
Current portion of accrued warranty	40,358		35,148
Other	73,590		72,273
Accrued expenses and other current liabilities	$	205,182	$	219,238

* Includes current portion of contingent consideration (Note 10) 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 three months ended March 31:

(In thousands)	2023		2022
Balance at beginning of period	$	54,528	$	52,114
Provision for warranty expense	20,827		15,441
Warranty costs paid	(15,227)		(8,770)
Balance at end of period	60,128		58,785
Less long-term portion	(19,770)		(20,530)
Current portion of accrued warranty at end of period	$	40,358	$	38,255