Product Warranty (Tables)

3 Months Ended

Apr. 04, 2021

Other Accrued Liabilities

Related costs are charged to the warranty accrual as incurred. The balance below is included in other accrued liabilities.

	For the Three Months Ended
	April 4,			March 29,
	2021			2020
	(in thousands)
Balance at beginning of period	$	16,633		$	8,996
Accruals for warranties issued during the period		11,881			5,066
Accruals related to pre-existing warranties		447			1,056
Settlements made during the period		(5,068	)		(4,147	)
Balance at end of period	$	23,893		$	10,971

Extended Product Warranty of Short and Long-Term Deferred Revenue and Customer Advances

Related costs are expensed as incurred. The balance below is included in short and long-term deferred revenue and customer advances.

	For the Three Months Ended
	April 4,			March 29,
	2021			2020
	(in thousands)
Balance at beginning of period	$	51,929		$	30,677
Deferral of new extended warranty revenue		7,517			7,600
Recognition of extended warranty deferred revenue		(5,538	)		(4,774	)
Balance at end of period	$	53,908		$	33,503