XML 32 R17.htm IDEA: XBRL DOCUMENT v3.22.4
Accrued Expenses
12 Months Ended
Dec. 31, 2022
Accrued Liabilities, Current [Abstract]  
Accrued Expenses ACCRUED EXPENSES
Accrued expenses at December 31 consisted of the following (in thousands):
20222021
Compensation$17,010 $15,293 
Customer rebates16,768 15,253 
Current operating lease liability8,620 7,239 
Insurance6,440 7,310 
Accrued warranties6,251 5,686 
Interest and taxes5,696 5,463 
Unearned revenue4,572 3,681 
Current portion of MSPP liabilities2,267 2,947 
Other6,097 5,121 
Total accrued expenses$73,721 $67,993 
Accrued expenses for insurance are primarily for general liability, workers’ compensation and employee healthcare policies for which the Company is self-insured up to certain per-occurrence and aggregate limits. The amounts
accrued represent the Company's best estimates of the probable amount of claims to be paid. Differences between the amounts accrued and the amount that may be reasonably possible of payment are not material. Accrued expenses for unearned revenue primarily relate to up-front customer deposits received on contracts for goods and services to be provided by the Company as further discussed in Note 3 "Revenue." The current portion of Management Stock Purchase Plan liabilities ("MSPP liabilities") represents the Company's equity-based awards that are settled in cash, further described in Note 12 "Equity-Based Compensation."