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WARRANTY
 3 Months Ended
Apr. 03, 2021
Product Warranties Disclosures [Abstract]  
WARRANTY WARRANTY
The Company offers a number of warranties associated with the products it sells. The specific terms and conditions of these warranties vary depending on the product sold. The Company’s warranty liabilities are undiscounted and adjusted for inflation based on third party actuarial estimates. 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. Warranties are normally limited to replacement or service of defective components for the original customer. Some warranties are transferable to subsequent owners and are generally limited to ten years from the date of manufacture or require pro-rata payments from the customer. A provision for estimated warranty costs is recorded based on historical experience and the Company periodically adjusts these provisions to reflect actual experience. Warranty costs are included within cost of goods sold. The Company assesses the adequacy of the recorded warranty claims and adjusts the amounts as necessary. Separately, upon the sale of a weathertightness warranty in the Commercial segment, the Company records the resulting revenue as deferred revenue, which is included in other accrued expenses and other long-term liabilities on the consolidated balance sheets depending on when the revenues are expected to be recognized.
The following table represents the rollforward of our accrued warranty obligation and deferred warranty revenue activity for the three months ended April 3, 2021 and April 4, 2020 (in thousands):
Three Months Ended
 April 3, 2021April 4, 2020
Beginning balance$216,230 $216,173 
Acquisition— 109 
Warranties sold644 662 
Revenue recognized(693)(680)
Expense8,827 9,051 
Settlements(8,138)(9,507)
Ending balance216,870 215,808 
Less: current portion24,617 26,920 
Total warranty, less current portion$192,253 $188,888 
The current portion of the warranty liabilities are recorded within other accrued expenses and the long-term portion of the warranty liabilities are recorded within other long-term liabilities in the Company’s consolidated balance sheets.