XML 41 R22.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Accrued and Other Liabilities | 12 Months Ended
--- | ---
Dec. 31, 2023
Payables and Accruals [Abstract] |
Accrued and Other Liabilities | (12) Accrued and Other Liabilities Accrued and other liabilities at December 31, 2023 and 2022 are summarized as follows:
(in thousands) | 2023 |  | 2022
Compensation and benefits | $ | 13,196 |  |  | $ | 19,814 |
Accrued taxes | 10,373 |  |  | 10,694 |
Legal contingencies | 3,487 |  |  | 9,948 |
Product warranty liability | 2,106 |  |  | 3,677 |
Current finance lease liabilities | 1,770 |  |  | 693 |
Other accrued liabilities | 18,528 |  |  | 11,438 |
Total | $ | 49,460 |  |  | $ | 56,264 |
Changes in the product warranty obligation for the years ended December 31, 2023, 2022 and 2021 are summarized below:
(in thousands) |  | Beginning Balance |  | Settlements made |  | Accruals for warranties issued |  | Ending Balance
Year ended December 31, |  |  |  |  |  |  |  |
2023 |  | $ | 3,677 |  |  | $ | (4,397) |  |  | $ | 2,826 |  |  | $ | 2,106 |
2022 |  | $ | 3,585 |  |  | $ | (5,961) |  |  | $ | 6,053 |  |  | $ | 3,677 |
2021 |  | $ | 2,348 |  |  | $ | (7,547) |  |  | $ | 8,784 |  |  | $ | 3,585 |
Other liabilities at December 31, 2023 and 2022 are summarized as follows:
(in thousands) | 2023 |  | 2022
Long-term employee indemnity | $ | 4,790 |  |  | $ | 4,817 |
Long-term tax liability | 5,577 |  |  | 5,711 |
Defined benefit pension obligation | 5,852 |  |  | 5,050 |
Long-term deferred revenue | 2,028 |  |  | 4,974 |
Earnout liability | — |  |  | 17,244 |
Legal contingencies | 2,863 |  |  | 6,096 |
Other long-term liabilities | 832 |  |  | 289 |
Long-term finance lease liabilities | 11,458 |  |  | 3,280 |
Total | $ | 33,400 |  |  | $ | 47,461 |
The reduction in the earnout liability balance is the result of the reversal of all previously recognized expense attributable to a potential post-acquisition milestone-based payment related to the Company's 2021 acquisition of Volumetric. During the year ended December 31, 2023, the Company reversed the accrued compensation expense related to the potential earnout payment as the related milestone is no longer deemed probable of being achieved. Refer to Note 17 for additional details regarding the earnout arrangement and the financial impact of this milestone-based payment no longer being deemed probable of being paid.

X
- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PayablesAndAccrualsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration