WARRANTY RESERVES

6 Months Ended

Jun. 30, 2011

Warranty Reserves [Abstract]

WARRANTY RESERVES

8.       WARRANTY RESERVES

The Corporation provides its customers with warranties on certain commercial and governmental products. Estimated warranty costs are charged to expense in the period the related revenue is recognized based on quantitative historical experience. Estimated warranty costs are reduced as these costs are incurred and as the warranty period expires or may be otherwise modified as specific product performance issues are identified and resolved. Warranty reserves are included within Other current liabilities in the Condensed Consolidated Balance Sheets. The following table presents the changes in the Corporation's warranty reserves:

		(In thousands)
	2011		2010
Warranty reserves at January 1,	$	14,841	$	13,479
Provision for current year sales		4,814		2,800
Current year claims		(2,450)		(2,873)
Change in estimates to pre-existing warranties		(781)		(931)
Increase due to acquisitions		-		25
Foreign currency translation adjustment		270		(238)
Warranty reserves at June 30,	$	16,694	$	12,262