Warranties

6 Months Ended

Jun. 30, 2023

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 six months ended June 30, 2023 and the year ended December 31, 2022 is as follows (in thousands):


Warranty liability	Six months ended June 30, 2023		Year ended December 31, 2022

Beginning balance	$	1,754	$	2,062
Provision for warranties issued during the period	1,470		3,301
Fulfillment of warranty obligations	(1,648)		(3,609)
Ending balance	$	1,576	$	1,754