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Commitments and Contingencies | 3 Months Ended
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Mar. 31, 2024
Commitments And Contingencies Disclosure [Abstract] |
Commitments and Contingencies | 15. Commitments and Contingencies The following table summarizes the Company’s principal contractual commitments, excluding operating leases, as of March 31, 2024 (in thousands):
|  | Purchase Commitments |  |  | Other Contractual Commitments |  |  | Total |
2024 (remaining nine months) |  | $ | 21,597 |  |  | $ | 151 |  |  | $ | 21,748 |
2025 |  |  | 5,320 |  |  |  | 31 |  |  |  | 5,351 |
2026 |  |  | 2,729 |  |  |  | 9 |  |  |  | 2,738 |
2027 |  |  | 3,500 |  |  |  | 1 |  |  |  | 3,501 |
Total |  | $ | 33,146 |  |  | $ | 192 |  |  | $ | 33,338 |
Purchase commitments for inventories are highly dependent upon forecasts of customer demand. Due to the uncertainty in demand from its customers, the Company may have to change, reschedule, or cancel purchases or purchase orders from its suppliers. These changes may lead to vendor cancellation charges on these purchases or contractual commitments. The following table summarizes the Company’s warranty accrual account activity during the three months ended March 31, 2024 and 2023:
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Balance at beginning of period |  | $ | 378 |  |  | $ | 345 |
Credited to costs and expenses |  |  | (77 | ) |  |  | (5 | )
Cost of warranty claims |  |  | — |  |  |  | 1 |
Balance at end of period |  | $ | 301 |  |  | $ | 341 |
The Company provides warranties on certain product sales for periods ranging from 12 to 36 months, and allowances for estimated warranty costs are recorded during the period of sale. The determination of such allowances requires the Company to make estimates of product return rates and expected costs to repair or to replace the products under warranty. The Company currently establishes warranty reserves based on historical warranty costs for each product line combined with liability estimates based on the prior 12 months’ sales activities. If actual return rates and/or repair and replacement costs differ significantly from the Company’s estimates, adjustments to recognize additional cost of sales may be required in future periods. Historically, the warranty accrual and the expense amounts have been immaterial.

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- Definition The entire disclosure for commitments, contingencies, and guarantees. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//450/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//440/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 460 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//460/tableOfContent + Details
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