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WARRANTIES
12 Months Ended
Dec. 31, 2021
Warranties  
Warranties

NOTE 8 – WARRANTIES

The Company’s product warranty liabilities are included in “Other current liabilities” on the accompanying Consolidated Balance Sheets as of December 31, 2021 and 2020.  The following table identifies the changes in the Company’s aggregate product warranty liabilities for the years ended December 31, 2021 and 2020 (in thousands):

    

2021

    

2020

Warranty liabilities, balance at January 1,

$

65,886

$

61,069

Warranty claims

 

(126,632)

 

(109,684)

Warranty accruals

 

137,960

 

114,526

Foreign currency translation

(15)

(25)

Warranty liabilities, balance at December 31,

$

77,199

$

65,886