The consolidated condensed balance sheet at December 31, 2025 was derived from amounts included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Refer to the notes to consolidated financial statements included in that report for a description of the Company's accounting policies and for additional details of the Company's financial condition. The details in those notes have not changed except as discussed below and as a result of normal adjustments in the interim.

The Company considers all highly liquid investments with original maturities of ninety days or less to be cash equivalents.

The Company estimates and records provisions for warranties and other after-sale costs in the period in which the sale is recorded, based on a lag factor and historical warranty claim experience. After-sale costs represent a variety of activities outside of the written warranty policy, such as investigation of unanticipated problems after the customer has installed the product, or analysis of water quality issues. Changes in the Company's warranty and after-sale costs reserve are as follows:


	Three months ended						Nine months ended
	September 30,						September 30,
(In thousands)	2026			2025			2026			2025
Balance at beginning of period	$	23,697		$	19,549		$	21,574		$	16,693
Net additions charged to earnings		3,672			3,571			9,437			10,898
Costs incurred		(1,875	)		(1,361	)		(5,517	)		(5,832	)
Balance at end of period	$	25,494		$	21,759		$	25,494		$	21,759

In September 2025, the FASB issued ASU No. 2025-06, "Targeted Improvements to the Accounting for Internal-Use Software," which removes the development stage requirements and implements a probable-to-complete recognition threshold associated with capitalization of internal use software costs. This guidance is effective for fiscal years beginning after December 15, 2027 and interim periods within those reporting periods. Early adoption is permitted in an interim or annual reporting period in which financial statements have not yet been made available for issuance. The Company early adopted ASU No. 2025-06 during the quarter ended September 30, 2026, effective January 1, 2026, and applied the standard on a prospective basis. The adoption did not have a material impact on the Company’s consolidated financial statements or its related disclosures.