BALANCE SHEET INFORMATION |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| BALANCE SHEET INFORMATION | NOTE 3. BALANCE SHEET INFORMATION Accounts Receivable, Net We record accounts receivable at net realizable value. Our accounts receivable, net balance was $474.8 million as of September 30, 2026. As of September 30, 2026, and December 31, 2025, expected credit losses related to receivables were $0.6 million and $0.6 million, respectively. Inventories We value inventories at the lower of cost or net realizable value, computed on a first-in, first-out basis. Components of inventories were as follows:
Warranties Our sales agreements include customary product warranty provisions, which generally range from 12 to 36 months after shipment. We record the estimated warranty cost when we recognize revenue. This estimate is based on historical experience by product and configuration. Our estimated warranty obligation is included in other accrued expenses. Changes in our product warranty obligation were as follows:
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