| Summary of Warranty Activities |
The Company’s warranty obligation activities were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2024 | | 2023 | | 2024 | | 2023 | | | | | | | | | | | | | | (In thousands) | | Warranty obligations, beginning of period | $ | 177,164 | | | $ | 146,034 | | | $ | 189,087 | | | $ | 131,446 | | | | | Accruals for warranties issued during period | 6,424 | | | 16,344 | | | 12,522 | | | 32,515 | | | | | | | | | | | | | | | Benefit from changes in estimates | (275) | | | (10,363) | | | (12,636) | | | (6,635) | | | | | Settlements | (7,606) | | | (5,092) | | | (14,499) | | | (13,986) | | | | | Increase due to accretion expense | 2,690 | | | 3,907 | | | 5,595 | | | 7,452 | | | | Change in discount rate(1) | 759 | | | 31,797 | | | 759 | | | 31,797 | | | | | | | | | | | | | | | Other | (1,977) | | | (1,912) | | | (3,649) | | | (1,874) | | | | | Warranty obligations, end of period | 177,179 | | | 180,715 | | | 177,179 | | | 180,715 | | | | | Less: warranty obligations, current | (30,261) | | | (36,686) | | | (30,261) | | | (36,686) | | | | | Warranty obligations, non-current | $ | 146,918 | | | $ | 144,029 | | | $ | 146,918 | | | $ | 144,029 | | | |
(1) Refer to Note 7, “Fair Value Measurements” for additional information about the monetary impact for change in the discount rate.
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