Changes in our assurance-type warranty obligations were as follows (in thousands):


	December 31,
	2023			2022

Beginning of the period	$	3,685		$	5,656
Warranty provision related to products shipped		9,097			4,349
Deductions for warranty claims processed		(5,627	)		(6,320	)
End of period	$	7,155		$	3,685

In the normal course of business, we enter into various purchase commitments for goods or services. Our long-term non-cancelable purchase commitments consist primarily of multi-year contractual arrangements relating to subscriptions for cloud computing hosting arrangements for our enterprise resource planning (“ERP”) system and the related support services. The total long-term non-cancelable purchase commitments as of December 31, 2023 was as follows (in thousands):


	Amounts
x
2024	$	1,127
2025		353
2026		—
2027		—
2028		—
Thereafter		—
Total	$	1,480

Our total non-cancelable long-term purchase commitments outstanding as of December 31, 2022 was $3.8 million.

There were no letters of credit outstanding as of December 31, 2023 and 2022, respectively. No amounts have been drawn upon the letters of credit for the years ended December 31, 2023, 2022 and 2021.

We may from time to time be involved in various claims and legal proceedings of a character normally incident to the ordinary course of business. Litigation can be expensive and disruptive to normal business operations, and the results of complex legal proceedings are difficult to predict, and our view of these matters may change in the future as the litigation and events related thereto unfold. We expense legal fees as incurred and we record a provision for contingent losses when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Based on currently available information, we believe there are no existing claims or proceedings that are likely to have a material adverse effect on our financial position, or the outcome of these matters is currently not determinable. An unfavorable outcome to any legal matter, if material, could have an adverse effect on our operations or financial position, liquidity of results of operations.

In the ordinary course of business, we may provide indemnifications of varying scope and terms with respect to certain transactions. We have entered into indemnification agreements with directors and certain officers and employees that will require Corsair, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers or employees. No demands have been made upon Corsair to provide indemnification under such agreements, and thus, there are no claims that we are aware of that could have a material effect on our consolidated balance sheets, statements of operations, or statements of cash flows. We currently have directors’ and officers’ insurance.