Accrued Expenses And Other Current Liabilities

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
(In thousands)	2023		2022
Employee compensation and benefits	$	54,837	$	77,804
Current portion of accrued warranty	41,988		35,148
Deferred acquisition payments and contingent consideration*	33,692		34,013
Other	65,582		72,273
Accrued expenses and other current liabilities	$	196,099	$	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 six months ended June 30:

(In thousands)	2023		2022
Balance at beginning of period	$	54,528	$	52,114
Provision for warranty expense	40,128		28,164
Warranty costs paid	(31,968)		(18,646)
Balance at end of period	62,688		61,632
Less long-term portion	(20,700)		(21,460)
Current portion of accrued warranty at end of period	$	41,988	$	40,172