XML 106 R15.htm IDEA: XBRL DOCUMENT
v3.21.2

Accrued Expenses And Other Current Liabilities | 9 Months Ended
--- | ---
Sep. 30, 2021
Payables and Accruals [Abstract] |
Accrued Expenses And Other Current Liabilities | ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of the following at:
| September 30, |  | December 31,
(In thousands) | 2021 |  |  |  | 2020
Employee compensation and benefits | $ | 95,870 |  |  |  |  | $ | 62,555 |
Deferred acquisition payments and contingent consideration* | 53,637 |  |  |  |  | 16,627 |
Current portion of accrued warranty | 30,436 |  |  |  |  | 32,451 |
Customer rebates | 7,206 |  |  |  |  | 23,670 |
Other | 96,573 |  |  |  |  | 52,897 |
Accrued expenses and other current liabilities | $ | 283,722 |  |  |  |  | $ | 188,200 |
* Includes current portion of contingent consideration (Note 11) and deferred consideration and holdback payments related to acquisitions (Note 4). Estimated costs related to product warranties are accrued at the time products are sold. In estimating its future warranty obligations, the Company considers various factors, including the Company's (i) historical warranty costs, (ii) current trends, (iii) product mix, and (iv) sales. The following table provides a reconciliation of the activity related to the Company's accrued warranty, including both the current and long-term portions, for the nine months ended September 30:
(In thousands) | 2021 |  | 2020 |  |
Balance at beginning of period | $ | 47,091 |  |  | $ | 47,167 |  |  |
Provision for warranty expense | 18,798 |  |  | 14,443 |  |  |
Warranty liability from acquired businesses | 5,611 |  |  | — |  |  |
Warranty costs paid | (22,054) |  |  | (16,568) |  |  |
Balance at end of period | 49,446 |  |  | 45,042 |  |  |
Less long-term portion | 19,010 |  |  | 15,320 |  |  |
Current portion of accrued warranty at end of period | $ | 30,436 |  |  | $ | 29,722 |  |  |
Warranty costs paid for the nine months ended September 30, 2021 include $3.0 million of payments related to a specific warranty issue known at the time of acquisition of CURT Acquisition Holdings, Inc. (with its subsidiaries, "CURT") in December 2019. These payments will be reimbursed to the Company by the sellers of CURT under the terms of the stock purchase agreement.

X
- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. + References No definition available. + Details
Name: | us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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