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Product Warranties | 9 Months Ended
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Oct. 02, 2021
Product Warranties Disclosures [Abstract] |
Product Warranties | Product Warranties The Corporation issues certain warranty policies on its workplace furnishings and residential building products that provide for repair or replacement of any covered product or component that fails during normal use because of a defect in design, materials, or workmanship. Allowances have been established for the anticipated future costs associated with the Corporation's warranty programs. A warranty allowance is determined by recording a specific allowance for known warranty issues and an additional allowance for unknown claims expected to be incurred based on historical claims experience. Actual costs incurred could differ from the original estimates, requiring adjustments to the allowance. Activity associated with warranty obligations was as follows (in thousands):
| Nine Months Ended
| October 2, 2021 |  | September 26, 2020
Balance at beginning of period | $ | 16,109 |  |  | $ | 15,865 |
Accruals for warranties issued during period | 6,580 |  |  | 5,483 |
Adjustments related to pre-existing warranties | — |  |  | (272) |
Settlements made during the period | (5,411) |  |  | (6,013) |
Balance at end of period | $ | 17,278 |  |  | $ | 15,063 |
The current and long-term portions of the allowance for estimated settlements are included within "Accounts payable and accrued expenses" and "Other Long-Term Liabilities", respectively, in the Condensed Consolidated Balance Sheets. The following table summarizes when these estimated settlements are expected to be paid (in thousands):
| October 2, 2021 |  | January 2, 2021
Current - in the next twelve months | $ | 6,080 |  |  | $ | 5,918 |
Long-term - beyond one year | 11,198 |  |  | 10,191 |
Total | $ | 17,278 |  |  | $ | 16,109 |

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- References No definition available. + Details
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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 + Details
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