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Warranties

9 Months Ended

Sep. 30, 2022

Guarantees [Abstract]

Warranties

Warranties

The Company’s Ergobaby, Marucci, BOA and Velocity Outdoor operating segments estimate their exposure to warranty claims based on both current and historical product sales data and warranty costs incurred. The Company assesses the adequacy of its recorded warranty liability quarterly and adjusts the amount as necessary. Warranty liability is included in accrued expenses in the accompanying consolidated balance sheets. A reconciliation of the change in the carrying value of the Company’s warranty liability for the nine months ended September 30, 2022 and the year ended December 31, 2021 is as follows (in thousands):

Warranty liability			Nine months ended September 30, 2022						Year ended December 31, 2021
Beginning balance			$	2,062					$	1,558
Provision for warranties issued during the period			2,203						4,257
Fulfillment of warranty obligations			(2,255)						(3,753)
Ending balance			$	2,010					$	2,062

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- References

No definition available.

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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 https://asc.fasb.org/topic&trid=2155896

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