Warranty reserve liability

6 Months Ended

Jun. 30, 2023

Guarantees and Product Warranties [Abstract]

Warranty reserve liability

Warranty reserve liability

The Company reserves estimated exposures on known claims, as well as anticipated claims, for product warranty and rework cost, based on historical product liability claims. Claim costs are deducted from the accrual when paid. Factors that could have an impact on the warranty accrual in any given period include the following: changes in manufacturing quality, changes in product costs, changes in product mix and any significant changes in sales volume.

A rollforward of our warranty liability is as follows:

	Six Months Ended June 30,
(In thousands)	2023		2022
Beginning balance as of December 31, 2022 and 2021	$	8,312	$	9,398
Provision for warranties(1)	2,160		1,991
Settlements of warranty claims(1)	(2,036)		(2,667)
Ending Balance	$	8,436	$	8,722

(1)Both the Provision for warranties and Settlements of warranty claims balances during the six months ended June 30, 2022 include immaterial reclassifications of $0.5 million to reflect changes in warranty utilization on pre-existing claims