CONTINGENT LIABILITIES AND COMMITMENTS

6 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

CONTINGENT LIABILITIES AND COMMITMENTS

CONTINGENT LIABILITIES AND COMMITMENTS

Litigation

The Company is currently involved in matters of litigation, including environmental contingencies, arising in the ordinary course of business. The Company accrues for such matters when expenditures are probable and reasonably estimable. Based upon information presently known, management is of the opinion that such litigation, either individually or in the aggregate, will not have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

Warranty

The Company provides for estimated product warranty expenses when related products are sold and are included within other current liabilities. Because warranty estimates are forecasts that are based on the best available information, primarily historical claims experience, future warranty claims may differ from the amounts provided.

Changes in the warranty reserve are as follows (in thousands):

Balance, December 31, 2017	$	9,174
Provision for warranty claims	3,813
Warranties acquired through business combinations	611
Warranty claims paid	(3,910		)
Foreign currency translation adjustment	(7		)
Balance, June 30, 2018	$	9,681

Warranty expense for the three and six months ended June 30, 2018 was $1.9 million and $3.8 million, respectively. Warranty expense for the three and six months ended June 30, 2017 was $1.7 million and $2.8 million, respectively.