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Commitments and Contingencies
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 14. Commitments and Contingencies

Severance and Exit Costs

The following table presents details of the liability we recorded related to severance and exit costs:

 

 

 

Severance and Exit Costs

 

 

 

(In thousands)

 

Balance at December 31, 2022

 

$

 

Accrued to expense

 

 

612

 

Payments

 

 

(562

)

Balance at December 31, 2023

 

$

50

 

The severance liability is recorded in accrued compensation on the accompanying consolidated balance sheet. The severance and exit cost were recorded in the relevant operating expense departments in the accompanying consolidated statement of operations.

Potential product warranty claims

The Company had a general warranty accrual of approximately $0.1 million and $0.2 million as of December 31, 2023 and December 31, 2022, respectively.

Indemnification

In some agreements to which the Company is a party, the Company has agreed to indemnify the other party for certain matters, including, but not limited to, product liability and intellectual property. To date, there have been no known events or circumstances that have resulted in any material costs related to these indemnification provisions and no liabilities have been recorded in the accompanying consolidated financial statements.

Purchase Commitments with CMs and Suppliers

A portion of our reported purchase commitments consists of firm, noncancelable, and unconditional commitments. These inventory purchase commitments with CMs and suppliers relate to arrangements to secure supply and pricing for certain product components for multi-year periods. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed.