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Product Warranty | 3 Months Ended
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Mar. 31, 2023
Product Warranties Disclosures [Abstract] |
Product Warranty | Product Warranty The Company has defined warranties generally ranging from one to two years. Products covered by the defined warranty policies primarily include all Titleist golf products, FootJoy golf shoes and FootJoy golf outerwear. These product warranties generally obligate the Company to pay for the cost of replacement products, including the cost of shipping replacement products to its customers. The estimated cost of satisfying future warranty claims is accrued at the time the sale is recorded. In estimating future warranty obligations, the Company considers various factors, including its warranty policies and practices, the historical frequency of claims and the cost to replace or repair products under warranty. The activity related to the Company’s warranty obligation for accrued warranty expense was as follows:
|  |  |  | Three months ended March 31,
(in thousands) |  |  |  |  |  | 2023 |  | 2022
Balance at beginning of period |  |  |  |  |  | $ | 3,951 |  |  | $ | 4,177 |
Provision |  |  |  |  |  | 1,675 |  |  | 995 |
Claims paid/costs incurred |  |  |  |  |  | (1,229) |  |  | (1,045) |
Foreign currency translation |  |  |  |  |  | (11) |  |  | (36) |
Balance at end of period |  |  |  |  |  | $ | 4,386 |  |  | $ | 4,091 |

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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 https://asc.fasb.org/topic&trid=2155896 + Details
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