WARRANTIES

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021.  The following table identifies the changes in the Company’s aggregate product warranty liabilities for the years ended December 31, 2022 and 2021 (in thousands):

	2022		2021
Warranty liabilities, balance at January 1,	$	77,199	$	65,886
Warranty claims		(152,777)		(126,632)
Warranty accruals		174,118		137,960
Foreign currency translation		24		(15)
Warranty liabilities, balance at December 31,	$	98,564	$	77,199