Warranty Reserves

6 Months Ended

Jul. 04, 2021

Product Warranties Disclosures [Abstract]

Warranty Reserves

Warranty Reserves

The Company provides warranty protection for certain products usually for a period of one year beyond the date of sale. The majority of costs associated with warranty obligations include the replacement of parts and the time for service personnel to respond to repair and replacement requests. A warranty reserve is recorded based upon historical results, supplemented by management’s expectations of future costs. Warranty reserves are included in “Accrued expenses and other current liabilities” on the condensed consolidated balance sheets.

A summary of warranty reserve activity is as follows:

	Three Months Ended
	July 4, 2021		July 5, 2020
	(In thousands)
Balance at beginning of period	$	12,073	$	8,812
Provision charged to income	3,691		2,712
Payments	(6,182)		(3,266)
Adjustments to previously provided warranties, net	2,455		1,052
Foreign currency translation and acquisitions	(190)		(269)
Balance at end of period	$	11,847	$	9,041