Product Warranty Reserve

12 Months Ended

Dec. 31, 2021

Guarantees [Abstract]

Product Warranty Reserve

Note O - Product Warranty Reserve

The Company records an accrual for estimated warranty costs to Costs of products sold in the Statements of Consolidated Income. These amounts are recorded in Accrued expenses and other liabilities in the Consolidated Balance Sheets. The Company records and accounts for its warranty reserve based on specific claim incidents. Should the Company become aware of a specific potential warranty claim for which liability is probable and reasonably estimable, a specific charge is recorded and accounted for accordingly. Adjustments are made quarterly to the accruals as claim information changes.

The following is a rollforward of the product warranty reserve:

	2021			2020			2019
Balance at January 1	$	1,282		$	1,309		$	928
Additions charged to costs and expenses		934			279			481
Warranty usage		(553	)		(314	)		(317	)
Currency translation		(28	)		8			217
Balance at December 31	$	1,635		$	1,282		$	1,309