EnerSys
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Warranty
- Warranty
The Company provides for estimated product warranty expenses when products are sold, with related liabilities included within accrued expenses and other liabilities. As warranty estimates are forecasts that are based on the best available information, primarily historical claims experience, costs of claims may ultimately differ from amounts provided. An analysis of changes in the liability for product warranties is as follows:
| Quarter ended | Nine months ended | |||
|---|---|---|---|---|
| December 31, 2023 | January 1, 2023 | December 31, 2023 | January 1, 2023 | |
| Balance at beginning of period | $58,836 | $52,394 | $56,630 | $54,978 |
| Current period provisions | 6,072 | 7,557 | 22,541 | 18,958 |
| Costs incurred | (6,953) | (5,948) | (21,373) | (17,005) |
| Foreign currency translation adjustment | 610 | 1,197 | 767 | (1,731) |
| Balance at end of period | $58,565 | $55,200 | $58,565 | $55,200 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.