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WARRANTIES
6 Months Ended
Jun. 30, 2011
WARRANTIES  
WARRANTIES

NOTE 6.  WARRANTIES

 

A reconciliation of the changes in our product warranty accrual is as follows:

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

(in thousands)

 

(in thousands)

 

Balance at the beginning of period

 

$

3,666

 

$

2,304

 

$

3,297

 

$

2,470

 

Warranties issued

 

1,177

 

1,346

 

2,195

 

1,872

 

Warranty settlement costs

 

(560)

 

(551)

 

(1,182)

 

(830)

 

Changes in accruals for pre-existing warranties

 

(445)

 

(297)

 

(501)

 

(683)

 

Currency translation adjustment

 

157

 

(36)

 

186

 

(63)

 

Balance at the end of period

 

$

3,995

 

$

2,766

 

$

3,995

 

$

2,766

 

 

Warranty liabilities are reported as accrued expenses on our consolidated balance sheet.