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Product Warranties
 12 Months Ended
Dec. 31, 2014
Product Warranties Disclosures [Abstract]  
Product Warranties
Product Warranties

HBB provides a standard warranty to consumers for all of its products. The specific terms and conditions of those warranties vary depending upon the product brand. In general, if a product is returned under warranty, a refund is provided to the consumer by HBB's customer, the retailer. Generally, the retailer returns those products to HBB for a credit. The Company estimates the costs which may be incurred under its standard warranty programs and records a liability for such costs at the time product revenue is recognized.

The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Factors that affect the Company's warranty liability include the number of units sold, historical and anticipated rates of warranty claims and the cost per claim.
Changes in the Company's current and long-term warranty obligations are as follows:
 
2014
 
2013
Balance at January 1
$
5,343

 
$
4,269

Warranties issued
8,640

 
8,855

Settlements made
(8,127
)
 
(7,781
)
Balance at December 31
$
5,856

 
$
5,343