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WARRANTY RESERVES
9 Months Ended
Sep. 30, 2013
Product Warranties Disclosures [Abstract]  
WARRANTY RESERVES
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
6,018

 
5,495

Current year claims
(5,846
)
 
(4,056
)
Change in estimates to pre-existing warranties
(2,615
)
 
(2,242
)
Increase due to acquisitions

 
75

Foreign currency translation adjustment
(84
)
 
99

Warranty reserves at September 30,
$
15,642

 
$
15,447