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Accrued Expenses And Other Current Liabilities | 9 Months Ended
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Sep. 30, 2023
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) | 2023 |  |  |  | 2022
Employee compensation and benefits | $ | 58,810 |  |  |  |  | $ | 77,804 |
Current portion of accrued warranty | 44,209 |  |  |  |  | 35,148 |
Customer rebates | 20,893 |  |  |  |  | 12,138 |
Deferred acquisition payments and contingent consideration* | 2,581 |  |  |  |  | 34,013 |
Other | 53,401 |  |  |  |  | 60,135 |
Accrued expenses and other current liabilities | $ | 179,894 |  |  |  |  | $ | 219,238 |
* Includes current portion of contingent consideration (Note 10) and deferred acquisition payments (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 nine months ended September 30:
(In thousands) | 2023 |  | 2022 |  |
Balance at beginning of period | $ | 54,528 |  |  | $ | 52,114 |  |  |
Provision for warranty expense | 60,691 |  |  | 36,362 |  |  |
Warranty costs paid | (49,110) |  |  | (29,373) |  |  |
Balance at end of period | 66,109 |  |  | 59,103 |  |  |
Less long-term portion | (21,900) |  |  | (19,520) |  |  |
Current portion of accrued warranty at end of period | $ | 44,209 |  |  | $ | 39,583 |  |  |

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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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