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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 3 Months Ended
Mar. 31, 2023
Payables and Accruals [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED EXPENSES

NOTE 14 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

 

Accounts payable and accrued expenses consist of the following:

  

     December 31, 2022      March 31, 2023 
         (Unaudited)   
Accounts payable  $14,751   $ 15,772 
Accrued warranty   1,897    2,098 
Accrued compensation   7,153    7,074 
Government authorities   1,992    2,165 
Other current liabilities   805    573 
           
 Accounts payable and accrued expenses  $26,598   $27,682 

 

The Company’s products are warranted against defects in materials and workmanship for a period of one to eight years from the date of acceptance of the product by the customer. The customers may purchase an extended warranty providing coverage up to a maximum of 60 months. A provision for estimated future warranty costs is recorded for expected or historical warranty matters related to equipment shipped and is included in accounts payable and accrued expenses in the Condensed Consolidated Balance Sheets as of December 31, 2022 and March 31, 2023.

 

The following table summarizes warranty activity for the three-month periods ended March 31, 2022 and 2023:

  

   Three Months Ended March 31, 
   2022   2023 
         
Accrued warranty reserve, beginning of year  $1,333   $2,054 
Accrual for product warranties issued   342    387 
Product replacements and other warranty expenditures   (167)   (160 )
Expiration of warranties   (5)   (26 )
           
Accrued warranty reserve, end of period (a)  $1,503   $ 2,255 

 

(a) Includes non-current accrued warranty included in other long-term liabilities at March 31, 2022 and March 31, 2023 of $186 and $157, respectively.