Annual report pursuant to Section 13 and 15(d)

Warranty

v3.20.4
Warranty
 12 Months Ended
Dec. 31, 2020
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) 2020 2019 2018
Balance at Beginning of the Year $ 7,660  $ 5,027  $ 5,136 
Warranty Liabilities Divested or Acquired —  (80) — 
Warranties Issued 1,725  3,781  2,806 
Reassessed Warranty Exposure (1,029) 1,451  (370)
Warranties Settled (1,338) (2,519) (2,545)
Balance at End of the Year $ 7,018  $ 7,660  $ 5,027