Other Current Liabilities

12 Months Ended

Dec. 31, 2021

Other Liabilities Disclosure [Abstract]

Other Current Liabilities

NOTE 7 – OTHER CURRENT LIABILITIES:

	2021		2020
Customer-related liabilities	$	12,548	$	16,144
Accrued interest payable		1,772		2,131
Accrued sales commissions		1,864		1,419
Other		5,026		4,546
Other current liabilities	$	21,210	$	24,240

Customer-related liabilities primarily include liabilities for product warranty claims and deposits received on future orders. The following summarizes changes in the liability for product warranty claims for the years ended December 31:

	2021			2020
Balance at the beginning of the year	$	8,105		$	9,065
Satisfaction of warranty claims		(3,220	)		(3,854	)
Provision for warranty claims		2,509			2,737
Other, primarily impact from changes in foreign currency exchange rates		(63	)		157
Balance at the end of the year	$	7,331		$	8,105

Customer deposits represent amounts collected from, or invoiced to, a customer in advance of revenue recognition and are recorded as an other current liability on the consolidated balance sheet. The liability for customer deposits is reversed when the Corporation satisfies its performance obligations and control of the inventory transfers to the customer, typically when title transfers. Performance obligations related to customer deposits are expected to be satisfied in less than one year.

Changes in customer deposits consisted of the following:

	2021			2020
Balance at the beginning of the year	$	6,507		$	4,895
Satisfaction of performance obligations		(12,870	)		(13,915	)
Receipt of additional deposits		10,729			15,458
Other, primarily changes in foreign currency exchange rates		(38	)		69
Balance at the end of the year	$	4,328		$	6,507