WARRANTY RESERVES

3 Months Ended

Mar. 31, 2013

Warranty Reserves [Abstract]

WARRANTY RESERVES

9.WARRANTY RESERVES

The Corporation provides its customers with warranties on certain 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)
	2013		2012
Warranty reserves at January 1,	$	18,169	$	16,076
Provision for current year sales		2,836		1,663
Current year claims		(1,330)		(1,269)
Change in estimates to pre-existing warranties		(2,362)		(695)
Foreign currency translation adjustment		(206)		148
Warranty reserves at March 31,	$	17,107	$	15,923