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Note 13 - Guarantees
 6 Months Ended
Jun. 27, 2026
Notes to Financial Statements  
Guarantees [Text Block]

13.

Guarantees

 

Product Warranty

 

Our products are generally sold with warranty periods that range from 12 to 36 months following sale or acceptance. The product warranty promises customers that delivered products are as specified in the contract (an “assurance-type warranty”). Therefore, we account for such product warranties under ASC 460, and not as a separate performance obligation. Parts and labor are covered under the terms of the warranty agreement. The warranty provision is based on historical and projected experience by product and configuration.

 

Changes in accrued warranty were as follows (in thousands):

 

   

Three Months Ended

    

Six Months Ended

  
   

June 27,

    

June 28,

    

June 27,

    

June 28,

  
   

2026

    

2025

    

2026

    

2025

  

Balance at beginning of period

   $ 4,600     $ 2,837     $ 4,402     $ 3,093  

Warranty expense accruals

     2,651       1,306       3,861       2,091  

Warranty payments

     (1,373 )     (907 )     (2,385 )     (1,948 )

Balance at end of period

   $ 5,878     $ 3,236     $ 5,878     $ 3,236  

 

Accrued warranty amounts expected to be incurred after one year are included in noncurrent other accrued liabilities in the condensed consolidated balance sheet. These amounts totaled $0.3 million and $0.2 million at June 27, 2026, and December 27, 2025, respectively.