CONTINGENT LIABILITIES AND COMMITMENTS

9 Months Ended

Sep. 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	5,457
Warranties claims paid	(5,668		)
Warranties acquired through business combinations	611
Foreign currency translation adjustment	24
Balance, September 30, 2018	$	9,598

Warranty expense for the three and nine months ended September 30, 2018 was $1.6 million and $5.5 million, respectively. Warranty expense for the three and nine months ended September 30, 2017 was $1.7 million and $4.6 million, respectively.