Product Warranty (Tables)

9 Months Ended

Oct. 03, 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						For the Nine Months Ended
	October 3, 2021			September 27, 2020			October 3, 2021			September 27, 2020
	(in thousands)
Balance at beginning of period	$	25,676		$	13,016		$	16,633		$	8,996
Accruals for warranties issued during the period		6,641			8,255			28,719			19,522
Accruals related to pre-existing warranties		(963	)		158			(3,966	)		1,569
Settlements made during the period		(5,233	)		(6,272	)		(15,265	)		(14,930	)
Balance at end of period	$	26,121		$	15,157		$	26,121		$	15,157

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						For the Nine Months Ended
	October 3, 2021			September 27, 2020			October 3, 2021			September 27, 2020
	(in thousands)
Balance at beginning of period	$	63,525		$	40,178		$	51,929		$	30,677
Deferral of new extended warranty revenue		12,728			13,674			36,533			32,724
Recognition of extended warranty deferred revenue		(8,771	)		(5,149	)		(20,980	)		(14,698	)
Balance at end of period	$	67,482		$	48,703		$	67,482		$	48,703