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Accrued Expenses
9 Months Ended
Sep. 30, 2024
Accrued Expenses  
Accrued Expenses

7. Accrued Expenses

Accrued expenses consisted of the following (in thousands):

September 30, 

December 31, 

    

2024

    

2023

Accrued employee compensation and benefits

$

5,382

$

5,994

Accrued warranty

896

 

942

Accrued professional fees

874

 

560

Contingent consideration

500

Accrued other

515

 

717

$

7,667

$

8,713

Changes in the Company’s product warranty obligations were as follows (in thousands):

Nine Months Ended September 30, 

    

2024

    

2023

Accrual balance at beginning of period

$

942

$

1,119

Provision for new warranties

 

958

 

367

Settlements and adjustments made during the period

 

(1,004)

 

(477)

Accrual balance at end of period

$

896

$

1,009