11.

Guarantees

Changes in accrued warranty during the three-year period ended December 27, 2014 were as follows:


(in thousands)	2014			2013			2012
Beginning balance	$	5,155		$	4,602		$	6,704
Warranty accruals		6,513			5,403			4,162
Warranty payments		(5,484	)		(6,683	)		(6,264	)
Warranty liability assumed		—			1,833			—

Ending balance	$	6,184		$	5,155		$	4,602

During the ordinary course of business, we provide standby letters of credit instruments to certain parties as required. At December 27, 2014, the maximum potential amount of future payments that we could be required to make under these standby letters of credit was approximately $0.4 million. We have not recorded any liability in connection with these arrangements beyond that required to appropriately account for the underlying transaction being guaranteed. We do not believe, based on historical experience and information currently available, that it is probable that any amounts will be required to be paid under these arrangements.