|12 Months Ended|
Dec. 31, 2018
|Payables and Accruals [Abstract]|
Note 11 — Accrued Expenses
Accrued expenses consisted of the following:
Included in Other Accrued Expenses was $750,000 for the second and third payments described above in Note 9 related to the TDG Amendment.
The Company has warranty obligations in connection with the sale of certain of its products. The warranty period for its products is generally twelve (12) months except in certain European countries where it can be twenty-four (24) months for some consumer-focused products. The costs incurred to provide for these warranty obligations are estimated and recorded as an accrued liability at the time of sale. The Company estimates its future warranty costs based on product-based historical performance rates and related costs to repair.
The changes in the Company’s accrued warranty obligations for the years ended December 31, 2018, 2017 and 2016 were as follows:
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef