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Accrued Expenses and Other Current Liabilities | 12 Months Ended
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Dec. 31, 2024
Payables and Accruals [Abstract] |
Accrued Expenses and Other Current Liabilities | NOTE 11: ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES As of the years ended December 31, 2024 and 2023, accrued expenses and other current liabilities consisted of the following:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Accrued interest |  | $ | 125 |  |  | $ | 19,328 |
Lease return provision |  |  | 15,037 |  |  |  | 16,656 |
Warranty reserves |  |  | 14,620 |  |  |  | 13,704 |
Current portion of long-term agreements |  |  | 1,513 |  |  |  | 11,003 |
Fair value of cash flow hedge |  |  | 8,967 |  |  |  | 3,491 |
Other accrued expenses |  |  | 59,310 |  |  |  | 51,817 |
Total accrued expenses and other current liabilities |  | $ | 99,572 |  |  | $ | 115,999 |
Warranty reserves Reserves are recorded to reflect the Company’s contractual liabilities relating to warranty commitments to customers. Warranty coverage of various lengths and terms is provided to customers depending on standard offerings and negotiated contractual agreements. Changes in the warranty reserve are summarized and recorded in the Consolidated Balance Sheets within “Accrued expenses and other current liabilities” as follows:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Balance, beginning of the year |  | $ | 13,704 |  |  | $ | 14,233 |  |  | $ | 11,312 |
Accruals for warranties |  |  | 3,396 |  |  |  | 3,454 |  |  |  | 3,989 |
Warranty claims settled |  |  | (2,480 | ) |  |  | (3,983 | ) |  |  | (1,068 | )
Balance, end of the year |  | $ | 14,620 |  |  | $ | 13,704 |  |  | $ | 14,233 |

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