Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2024

Payables and Accruals [Abstract]

Constituents of Accrued Expenses

Accrued expenses consisted of the following (in thousands):

	December 31,
	2024		2023
Incentive compensation	$	18,735	$	10,645
Foreign retirement obligations	10,445		12,835
Warranty obligations	5,140		4,244
Salaries and payroll taxes	5,123		8,774
Vacation	3,945		5,827
Other	28,372		30,049
	$	71,760	$	72,374

The changes in the warranty obligation were as follows (in thousands):

Balance as of December 31, 2021	$	5,427
Provisions for warranties issued during the period	1,876
Fulfillment of warranty obligations	(2,928)
Balance as of December 31, 2022	4,375
Provisions for warranties issued during the period	2,940
Fulfillment of warranty obligations	(3,078)
Foreign exchange rate changes	7
Balance as of December 31, 2023	4,244
Provisions for warranties issued during the period	4,794
Fulfillment of warranty obligations	(3,883)
Foreign exchange rate changes	(15)
Balance as of December 31, 2024	$	5,140

Changes in Warranty Obligations

Balance as of December 31, 2021	$	5,427
Provisions for warranties issued during the period	1,876
Fulfillment of warranty obligations	(2,928)
Balance as of December 31, 2022	4,375
Provisions for warranties issued during the period	2,940
Fulfillment of warranty obligations	(3,078)
Foreign exchange rate changes	7
Balance as of December 31, 2023	4,244
Provisions for warranties issued during the period	4,794
Fulfillment of warranty obligations	(3,883)
Foreign exchange rate changes	(15)
Balance as of December 31, 2024	$	5,140