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Product Warranty Liability
12 Months Ended
Jan. 31, 2025
Guarantees and Product Warranties [Abstract]  
Product Warranty Liability

Note 19—Product Warranty Liability

We offer a manufacturer’s warranty for the majority of our hardware products. The specific terms and conditions of warranty vary depending upon the products sold and the country in which we do business. We estimate the warranty costs based on historical claims experience and record a liability in the amount of such estimates at the time product revenue is recognized. We regularly assess

the adequacy of our recorded warranty liabilities and adjust the amounts as necessary. Activity in the product warranty liability, which is included in other accrued expenses in the accompanying consolidated balance sheets, is as follows:

 

(In thousands)

 

2025

 

 

2024

 

 

2023

 

Balance, beginning of the year

 

$

711

 

 

$

1,072

 

 

$

834

 

Provision for Warranty Expense

 

 

709

 

 

 

1,181

 

 

 

2,077

 

Cost of Warranty Repairs

 

 

(872

)

 

 

(1,542

)

 

 

(1,839

)

Balance, end of the year

 

$

548

 

 

$

711

 

 

$

1,072