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Accrued Expenses And Other Current Liabilities | 12 Months Ended
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Dec. 31, 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 December 31:
(In thousands) | 2021 |  | 2020 |  |
Employee compensation and benefits | $ | 85,760 |  |  | $ | 62,555 |  |  |
Deferred acquisition payments and contingent consideration* | 39,307 |  |  | 16,627 |  |  |
Current portion of accrued warranty | 33,874 |  |  | 32,451 |  |  |
Customer rebates | 11,541 |  |  | 23,670 |  |  |
Other | 72,956 |  |  | 52,897 |  |  |
Accrued expenses and other current liabilities | $ | 243,438 |  |  | $ | 188,200 |  |  |
* Includes current portion of contingent consideration (Note 12) 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 historical warranty costs, warranty claim lag, and 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 years ended December 31:
(In thousands) | 2021 |  | 2020 |  | 2019
Balance at beginning of period | $ | 47,091 |  |  | $ | 47,167 |  |  | $ | 46,530 |
Provision for warranty expense | 28,223 |  |  | 19,037 |  |  | 30,520 |
Warranty liability from acquired businesses | 7,890 |  |  | 2,915 |  |  | 287 |
Warranty costs paid | (31,090) |  |  | (22,028) |  |  | (30,170) |
Balance at end of period | 52,114 |  |  | 47,091 |  |  | 47,167 |
Less long-term portion | 18,240 |  |  | 14,640 |  |  | 17,269 |
Current portion of accrued warranty at end of period | $ | 33,874 |  |  | $ | 32,451 |  |  | $ | 29,898 |
Warranty costs paid for the year ended December 31, 2021 included $3.5 million of payments related to a specific warranty issue known at the time of acquisition of 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.

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- 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
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