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WARRANTIES
9 Months Ended
Sep. 30, 2012
WARRANTIES  
WARRANTIES

NOTE 6.  WARRANTIES

 

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

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

(in thousands)

 

(in thousands)

 

Balance at the beginning of period

 

$

3,477

 

$

3,995

 

$

3,800

 

$

3,297

 

Warranties issued

 

820

 

951

 

2,314

 

3,146

 

Warranty settlement costs

 

(621

)

(763

)

(1,895

)

(1,945

)

Changes in accruals for pre-existing warranties

 

(186

)

(322

)

(737

)

(823

)

Currency translation adjustment

 

45

 

(193

)

53

 

(7

)

Balance at the end of period

 

$

3,535

 

$

3,668

 

$

3,535

 

$

3,668

 

 

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