XML 26 R14.htm IDEA: XBRL DOCUMENT v3.24.3
Product Warranties
9 Months Ended
Sep. 28, 2024
Product Warranties Disclosures [Abstract]  
Product Warranties Product Warranties
The following table sets forth the changes in the carrying amount of product warranties liability:
Nine Months Ended
 September 28, 2024September 30, 2023
Balance, beginning of period$194,237 $202,463 
Warranties sold— 1,016 
Revenue recognized— (1,843)
Expense14,345 25,367 
Claims and settlements(14,665)(27,982)
Impact of acquisitions11,998 — 
Reclassification of deferred warranty revenue(1)
(24,717)— 
Balance, end of period$181,198 $199,021 
Reflected as:
Current liabilities – Rebates, warranties and other customer-related liabilities$21,456 $34,224 
Noncurrent liabilities – Other long-term liabilities159,742 164,797 
Total product warranty liability$181,198 $199,021 
(1)     Reclassification of deferred warranty revenue for the Shelter Solutions reportable segment that had historically been included in the warranty liability disclosure. Deferred warranty revenue is recorded in other current liabilities of $2.1 million and other long-term liabilities of $22.7 million within our Condensed Consolidated Balance Sheets for nine months ended September 28, 2024.