Note 12 - Guarantees

3 Months Ended

Mar. 28, 2020

Notes to Financial Statements

Commitments Contingencies and Guarantees [Text Block]

12. Guarantees

Product Warranty

Our products are generally sold with warranty periods that range from

12

to

36

months following sale or acceptance. The product warranty promises customers that delivered products are as specified in the contract (an “assurance-type warranty”). Therefore, we account for such product warranties under ASC

460,

and

not

as a separate performance obligation. Parts and labor are covered under the terms of the warranty agreement. The warranty provision is based on historical and projected experience by product and configuration.

Changes in accrued warranty were as follows (

in thousands

):

	Three Months Ended
	March 28,			March 30,
	2020			2019
Balance at beginning of period	$	6,155		$	8,014
Warranty expense accruals		1,891			1,728
Warranty payments		(1,778	)		(2,654	)
Balance at end of period	$	6,268		$	7,088

Accrued warranty amounts expected to be incurred after

one

year are included in noncurrent other accrued liabilities in the condensed consolidated balance sheet. These amounts totaled

$0.2

 million and

$0.3

million at

March 28, 2020

and

December 28, 2019,

respectively.