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Warranty Reserves | 3 Months Ended
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Mar. 27, 2021
Product Warranties Disclosures [Abstract] |
Warranty Reserves | 5. Warranty Reserves The Company’s standard warranty obligation to its end-users provides for a period of one to two years from the date of shipment, while certain auto, aviation, and marine OEM products have a warranty period of two years or more from the date of installation. The Company’s estimates of costs to service its warranty obligations are based on historical experience and management’s expectations and judgments of future conditions, and are recorded as a liability on the balance sheet. The following reconciliation provides an illustration of changes in the aggregate warranty reserve.
|  | 13-Weeks Ended |
|  | March 27, 2021 |  |  | March 28, 2020 |
Balance - beginning of period |  | $ | 42,643 |  |  | $ | 39,758 |
Accrual for products sold (1) |  |  | 11,456 |  |  |  | 17,868 |
Expenditures |  |  | (14,811 | ) |  |  | (18,258 | )
Balance - end of period |  | $ | 39,288 |  |  | $ | 39,368 |
(1) Changes in cost estimates related to pre-existing warranties were not material and aggregated with accruals for new warranty contracts in the ‘Accrual for products sold’ line.

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- References No definition available. + Details
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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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