Quarterly report pursuant to Section 13 or 15(d)

Product Warranties

v3.23.2
Product Warranties
 6 Months Ended
Jul. 01, 2023
Guarantees [Abstract]  
Product Warranties Product Warranties
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 is summarized as follows:
Six Months Ended Three Months Ended
(In thousands) July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022
Balance at Beginning of Period $ 8,009  $ 8,183  $ 7,401  $ 8,049 
Warranties Issued 1,908  1,683  1,128  898 
Warranties Settled (2,151) (1,910) (814) (1,154)
Reassessed Warranty Exposure (61) (197) (10) (34)
Balance at End of Period $ 7,705  $ 7,759  $ 7,705  $ 7,759