Accrued Expenses And Other Current Liabilities

9 Months Ended

Sep. 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:

	September 30,		December 31,
(In thousands)	2023		2022
Employee compensation and benefits	$	58,810	$	77,804
Current portion of accrued warranty	44,209		35,148
Customer rebates	20,893		12,138
Deferred acquisition payments and contingent consideration*	2,581		34,013
Other	53,401		60,135
Accrued expenses and other current liabilities	$	179,894	$	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 nine months ended September 30:

(In thousands)	2023		2022
Balance at beginning of period	$	54,528	$	52,114
Provision for warranty expense	60,691		36,362
Warranty costs paid	(49,110)		(29,373)
Balance at end of period	66,109		59,103
Less long-term portion	(21,900)		(19,520)
Current portion of accrued warranty at end of period	$	44,209	$	39,583