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Product Warranties

3 Months Ended

Mar. 31, 2021

Product Warranties Disclosures [Abstract]

PRODUCT WARRANTIES

PRODUCT WARRANTIES

The Company typically provides one to five years parts and service warranties on lasers, laser and non-laser systems, and amplifiers. Most of the Company's sales offices provide support to customers in their respective geographic areas. Warranty reserves have generally been sufficient to cover product warranty repair and replacement costs.

Activity related to the warranty accrual was as follows:.

			Three Months Ended March 31,
			2021						2020
Balance at January 1			$	45,669					$	48,866
Provision for warranty accrual			8,403						5,001
Warranty claims			(7,446)						(7,241)
Foreign currency translation			(1,382)						(822)
Balance at March 31			$	45,244					$	45,804

Accrued warranty reported in the accompanying condensed consolidated financial statements as of March 31, 2021 and December 31, 2020 consisted of $24,056 and $24,345 in accrued expenses and other liabilities, respectively, and $21,188 and $21,324 in other long-term liabilities, respectively.

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No definition available.

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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

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