ACCRUED LIABILITIES

Accrued liabilities at May 28, 2016 and November 28, 2015 were as follows:



	May 28, 2016		November 28, 2015
Accrued salaries, wages and commissions	$	16,112	$	16,498
Compensated absences	8,797		8,672
Accrued insurance liabilities	9,921		9,928
Warranties	6,754		7,870
Customer deposits	16,519		25,036
Other accrued liabilities	29,867		38,406
Accrued liabilities	$	87,970	$	106,410

The Company had letters of credit totaling $17,903 and $24,581 as of May 28, 2016 and November 28, 2015, respectively, issued to various government agencies, primarily related to industrial revenue bonds, and to insurance companies and other commercial entities in support of its obligations. The Company believes that no payments will be required resulting from these obligations.

In the ordinary course of business, the Company also provides routine indemnifications and other guarantees whose terms range in duration and are often not explicitly defined. The Company does not believe these will have a material impact on the results of operations or financial condition of the Company.

Warranties

Warranties are recorded as a liability on the balance sheet and as charges to current expense for estimated normal warranty costs and, if applicable, for specific performance issues known to exist on products already sold. The expenses estimated to be incurred are provided at the time of sale, or when a claim arises, and adjusted as needed, based primarily upon experience. Changes in the Company’s warranty accrual are as follows:



	Six Months Ended
	May 28, 2016			May 30, 2015
Warranty accrual at beginning of period	$	7,870		$	9,405
Warranty accrual added through business acquisitions	—			100
Accruals for warranties issued during the period	564			827
Adjustments related to pre-existing warranties	(870		)	(508		)
Settlements made during the period	(746		)	(1,090		)
Other adjustments, including currency translation	(64		)	(139		)
Warranty accrual at end of period	$	6,754		$	8,595