XML 37 R19.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Accrued Expenses | 12 Months Ended
--- | ---
Dec. 31, 2023
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued Expenses Accrued expenses consisted of the following (in thousands):
| December 31,
| 2023 |  | 2022
Foreign retirement obligations | $ | 12,835 |  |  | $ | 7,191 |
Incentive compensation | 10,645 |  |  | 18,554 |
Salaries and payroll taxes | 8,774 |  |  | 8,121 |
Vacation | 5,827 |  |  | 5,847 |
Warranty obligations | 4,244 |  |  | 4,375 |
Deferred payments related to Sualab Co., Ltd. acquisition (1) | — |  |  | 19,282 |
Other | 30,049 |  |  | 29,865 |
| $ | 72,374 |  |  | $ | 93,235 |
(1) The total consideration for the Company's 2019 acquisition of Sualab Co., Ltd. included deferred payments, contingent upon the continued employment of key talent, of $24,040,000 that was paid fully in October 2023. The deferred payments were recorded as compensation expense over the four-year period. The changes in the warranty obligation were as follows (in thousands):
Balance as of December 31, 2020 | $ | 5,406 |
Provisions for warranties issued during the period | 3,256 |
Fulfillment of warranty obligations | (3,235) |
Balance as of December 31, 2021 | 5,427 |
Provisions for warranties issued during the period | 1,876 |
Fulfillment of warranty obligations | (2,928) |
Balance as of December 31, 2022 | 4,375 |
Provisions for warranties issued during the period | 2,940 |
Fulfillment of warranty obligations | (3,078) |
Foreign exchange rate changes | 7 |
Balance as of December 31, 2023 | $ | 4,244 |

X
- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PayablesAndAccrualsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration