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WARRANTIES
6 Months Ended
Jun. 30, 2012
WARRANTIES  
WARRANTIES

NOTE 6.  WARRANTIES

 

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

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

(in thousands)

 

(in thousands)

 

Balance at the beginning of period

 

$

3,432

 

$

3,666

 

$

3,800

 

$

3,297

 

Warranties issued

 

832

 

1,177

 

1,494

 

2,195

 

Warranty settlement costs

 

(481

)

(560

)

(1,274

)

(1,182

)

Changes in accruals for pre-existing warranties

 

(207

)

(445

)

(551

)

(501

)

Currency translation adjustment

 

(99

)

157

 

8

 

186

 

Balance at the end of period

 

$

3,477

 

$

3,995

 

$

3,477

 

$

3,995

 

 

Warranty liabilities are reported as accrued expenses on our Consolidated Balance Sheets.