XML 34 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Accrued Product Warranties
6 Months Ended
Jun. 30, 2020
Product Warranties Disclosures [Abstract]  
Accrued Product Warranties
Accrued Product Warranties
The following table summarizes the Company’s warranty liability and activity (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Accrued product warranties, beginning of period
$
19,809

 
$
19,058

 
$
19,143

 
$
18,583

Amounts paid for warranty services
(1,803
)
 
(4,354
)
 
(3,806
)
 
(7,130
)
Warranty provisions for products sold
2,229

 
3,793

 
5,089

 
6,207

Business acquisition

 
25

 

 
899

Currency translation adjustments and other
113

 
19

 
(78
)
 
(18
)
Accrued product warranties, end of period
$
20,348

 
$
18,541

 
$
20,348

 
$
18,541

 
 
 
 
 
 
 
 
Current accrued product warranties, end of period
 
 
 
 
$
15,887

 
$
14,478

Long-term accrued product warranties, end of period
 
 
 
 
$
4,461

 
$
4,063


Note 14.        Accrued Product Warranties - (Continued)
The Company generally provides a twelve to twenty-four-month warranty on its products. A provision for the estimated future costs of warranty, based upon historical cost and product performance experience, is recorded when revenue is recognized. Long-term accrued product warranties are included in other long-term liabilities on the Consolidated Balance Sheets.