WARRANTIES

12 Months Ended

Dec. 31, 2024

Warranties

Warranties

NOTE 11 – WARRANTIES

The Company’s product warranty liabilities are included in “Other current liabilities” on the accompanying Consolidated Balance Sheets as of December 31, 2024 and 2023.  The following table identifies the changes in the Company’s aggregate product warranty liabilities for the years ended December 31, 2024 and 2023 (in thousands):

	2024		2023
Warranty liabilities, balance at January 1,	$	117,895	$	98,564
Warranty claims		(203,645)		(180,971)
Warranty accruals		219,121		200,228
Foreign currency translation		(120)		74
Warranty liabilities, balance at December 31,	$	133,251	$	117,895