Product Warranties (Tables)

9 Months Ended

Oct. 01, 2022

Product Warranties Disclosures [Abstract]

Rollforward of Accrued Warranty Obligation and Deferred Warranty Revenue

The following table sets forth the changes in the carrying amount of product warranties liability (in thousands):

	Successor		Predecessor
	Period from July 25, 2022 through October 1, 2022		Period from January 1, 2022 through July 24, 2022		Period from January 1, 2021 through October 2, 2021
Balance, beginning of period(1)	$	203,011	$	218,356	$	216,230
Acquisitions	—		189		6,464
Divestiture	—		(4,345)		(2,245)
Warranties sold	369		1,052		1,597
Revenue recognized	(510)		(1,383)		(2,043)
Expense	8,191		26,910		22,856
Settlements	(8,374)		(21,311)		(23,978)
Balance, end of period	$	202,687	$	219,468	$	218,881
Reflected as:
Current liabilities – Warranties	$	24,871	$	26,888	$	29,523
Noncurrent liabilities – Other long-term liabilities	177,816		192,580		189,358
Total product warranty liability	$	202,687	$	219,468	$	218,881

(1)    The beginning balance for the Successor period reflects acquisition-related adjustments of $16.5 million.