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OTHER ACCRUED LIABILITIES
3 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
OTHER ACCRUED LIABILITIES OTHER ACCRUED LIABILITIES
The following table presents the major components of Other accrued liabilities (in thousands):
March 31,
2025
December 31,
2024
Warranty$15,984 $16,958 
Chassis converter pool agreements91,032 57,109 
Payroll and related taxes14,709 12,931 
Customer deposits33,047 31,029 
Self-insurance11,935 12,198 
Accrued interest8,402 3,818 
Operating lease obligations12,345 11,782 
Accrued taxes8,313 6,572 
All other8,398 9,274 
$204,165 $161,671 
The following table presents the changes in the product warranty accrual included in Other accrued liabilities (in thousands):
20252024
Balance as of January 1$16,958 $21,286 
Provisions and revisions to estimates587 444 
Payments(1,561)(1,677)
Balance as of March 31$15,984 $20,053 
The Company offers a limited warranty for its products with a coverage period that ranges between 1 and 5 years, except that the coverage period for DuraPlate® trailer panels is 10 years and the coverage period for steel main beams on flatbed trailer products exceeds 10 years. The Company passes through component manufacturers’ warranties to our customers. The Company’s policy is to accrue the estimated cost of warranty coverage at the time of the sale