Product Warranty Liabilities

3 Months Ended

Mar. 31, 2016

Guarantees [Abstract]

Product Warranty Liabilities

7. Product Warranty Liabilities

The Company provides for the estimated cost of product warranties at the time revenue is recognized based primarily on historical return rates, estimates of the eligible tire population and the value of tires to be replaced. The following table summarizes the activity in the Company’s product warranty liabilities:

	2016			2015
Reserve at beginning of year	$	12,339		$	14,005
Additions		2,709			2,994
Payments		(2,683	)		(3,986	)
Reserve at March 31	$	12,365		$	13,013