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Accrued Expenses
12 Months Ended
Dec. 31, 2024
Accrued Liabilities, Current [Abstract]  
Accrued Expenses ACCRUED EXPENSES
Accrued expenses at December 31 consisted of the following (in thousands):
20242023
Compensation$20,193 $22,893 
Customer rebates18,066 18,497 
Product warranties17,463 9,139 
Current operating lease liability11,473 10,278 
Insurance5,773 6,307 
Interest and taxes5,571 5,167 
Other17,125 16,438 
Total accrued expenses$95,664 $88,719 
Accrued expenses for compensation includes salaries, benefits, and short-term or current portions of incentives and bonuses. Accrued expenses for insurance are primarily for general liability, workers’ compensation and employee healthcare policies for which the Company is self-insured up to certain per-occurrence and aggregate limits.
Product Warranties
The Company generally warrants that its products will be free from material defects in workmanship and materials. Warranty reserve estimates are based on management’s judgment, considering such factors as historical experience, anticipated rates of claims, and other available information. Management reviews and adjusts these estimates, if necessary, based on the differences between actual experience and historical estimates.
The reserve for product warranties is presented within accrued expenses on the Company’s consolidated balance sheets. Activity in the product warranties is summarized as follows for the years ended December 31, (in thousands):
20242023
Beginning balance$9,139 $6,251 
Provisions/accruals during the period16,048 6,190 
Settlements made during the period(7,724)(3,302)
Ending balance$17,463 $9,139