Annual report [Section 13 and 15(d), not S-K Item 405]

WARRANTY

v3.25.0.1
WARRANTY
 12 Months Ended
Dec. 31, 2024
Guarantees [Abstract]  
WARRANTY WARRANTY
In the ordinary course of business, the Company warrants its products against defects in design, materials and workmanship typically over periods ranging from twelve to sixty months. The Company determines warranty reserves needed by product line based on experience and current facts and circumstances. Activity in the warranty accrual, which is included in Other Accrued Expenses on the Consolidated Balance Sheets, is summarized as follows:
(In thousands) 2024 2023 2022
Balance at Beginning of the Year $ 9,751  $ 8,009  $ 8,183 
Warranties Issued 12,078  6,260  3,407 
Reassessed Warranty Exposure 11  (397) (65)
Warranties Settled (3,759) (4,121) (3,516)
Balance at End of the Year $ 18,081  $ 9,751  $ 8,009 
Warranties issued in 2024 includes an atypical warranty reserve of $5.2 million related to a new product launch that requires field modification.