XML 31 R18.htm IDEA: XBRL DOCUMENT v3.19.2
WARRANTY
 6 Months Ended
Jun. 29, 2019
Product Warranties Disclosures [Abstract]  
WARRANTY WARRANTY
The Company sells a number of products and offers a number of warranties. The specific terms and conditions of these warranties vary depending on the product sold. Upon the sale of a weathertightness warranty, we record the resulting revenue as deferred revenue, which is included in other accrued expenses and other long-term liabilities on our consolidated balance sheets depending on when the revenues are expected to be recognized. Factors that affect the Company’s warranty liabilities include the number of units sold, historical and anticipated rates of warranty claims, cost per claim and new product introduction. The Company assesses the adequacy of the recorded warranty claims and adjusts the amounts as necessary.
The following table represents the rollforward of our accrued warranty obligation and deferred warranty revenue activity for the six months ended June 29, 2019 and April 29, 2018 (in thousands):
 
Six Months Ended
 
June 29, 2019
 
April 29, 2018
Beginning balance
$
134,515

 
$
32,418

Purchase accounting adjustments
2,690

 
—

Warranties sold
1,551

 
1,605

Revenue recognized
(1,395
)
 
(1,314
)
Expense
14,081

 
—

Settlements
(13,772
)
 
(950
)
Ending balance
137,670

 
31,759

Less: current portion
33,974

 
6,338

Total, less current portion
$
103,696

 
$
25,421


The Company records the current warranty obligation within other accrued expenses and the long-term warranty obligation within other long-term liabilities within the Company’s consolidated balance sheets at June 29, 2019 and October 28, 2018.