Product Warranties

9 Months Ended

Sep. 30, 2023

Product Warranties Disclosures [Abstract]

The Company typically provides one to five years parts and service warranties on lasers, laser and non-laser systems, and amplifiers. Most of the Company's sales offices provide support to customers in their respective geographic areas. Warranty reserves have generally been sufficient to cover product warranty repair and replacement costs.

Activity related to the warranty accrual was as follows:


	Nine Months Ended September 30,
	2023		2022
Balance, beginning of period	$	52,862	$	49,864
Provision for warranty accrual	9,874		18,280
Warranty claims	(13,792)		(13,968)
Foreign currency translation	(850)		(4,198)
Balance, end of period	$	48,094	$	49,978

Accrued warranty reported in the accompanying condensed consolidated financial statements as of September 30, 2023 and December 31, 2022 consist of $27,280 and $28,504 in accrued expenses and other current liabilities, respectively, and $20,814 and $24,358 in other long-term liabilities and deferred income taxes, respectively.