WARRANTIES

12 Months Ended

Dec. 31, 2023

Warranties

Warranties

NOTE 9 – WARRANTIES

The Company’s product warranty liabilities are included in “Other current liabilities” on the accompanying Consolidated Balance Sheets as of December 31, 2023 and 2022.  The following table identifies the changes in the Company’s aggregate product warranty liabilities for the years ended December 31, 2023 and 2022 (in thousands):

	2023		2022
Warranty liabilities, balance at January 1,	$	98,564	$	77,199
Warranty claims		(180,971)		(152,777)
Warranty accruals		200,228		174,118
Foreign currency translation		74		24
Warranty liabilities, balance at December 31,	$	117,895	$	98,564