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Accrued Expenses | 12 Months Ended
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Dec. 31, 2024
Accrued Liabilities, Current [Abstract] |
Accrued Expenses | ACCRUED EXPENSES Accrued expenses at December 31 consisted of the following (in thousands):
| 2024 |  | 2023
Compensation | $ | 20,193 |  |  | $ | 22,893 |
Customer rebates | 18,066 |  |  | 18,497 |
Product warranties | 17,463 |  |  | 9,139 |
Current operating lease liability | 11,473 |  |  | 10,278 |
Insurance | 5,773 |  |  | 6,307 |
Interest and taxes | 5,571 |  |  | 5,167 |
Other | 17,125 |  |  | 16,438 |
Total accrued expenses | $ | 95,664 |  |  | $ | 88,719 |
Accrued expenses for compensation includes salaries, benefits, and short-term or current portions of incentives and bonuses. Accrued expenses for insurance are primarily for general liability, workers’ compensation and employee healthcare policies for which the Company is self-insured up to certain per-occurrence and aggregate limits. Product Warranties The Company generally warrants that its products will be free from material defects in workmanship and materials. Warranty reserve estimates are based on management’s judgment, considering such factors as historical experience, anticipated rates of claims, and other available information. Management reviews and adjusts these estimates, if necessary, based on the differences between actual experience and historical estimates. The reserve for product warranties is presented within accrued expenses on the Company’s consolidated balance sheets. Activity in the product warranties is summarized as follows for the years ended December 31, (in thousands):
| 2024 |  | 2023
Beginning balance | $ | 9,139 |  |  | $ | 6,251 |
Provisions/accruals during the period | 16,048 |  |  | 6,190 |
Settlements made during the period | (7,724) |  |  | (3,302) |
Ending balance | $ | 17,463 |  |  | $ | 9,139 |

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