Product Warranty Reserve

12 Months Ended

Dec. 31, 2015

Note O – Product Warranty Reserve

The Company records an accrual for estimated warranty costs to Costs of products sold in the Consolidated Statements of Income. These amounts are recorded in Accrued expenses and other liabilities in the Consolidated Balance Sheets. The Company records and accounts for its warranty reserve based on specific claim incidents. Should the Company become aware of a specific potential warranty claim for which liability is probable and reasonably estimable, a specific charge is recorded and accounted for accordingly. Adjustments are made quarterly to the accruals as claim information changes.

The following is a rollforward of the product warranty reserve:


	2015			2014			2013
Balance at January 1	$	892		$	1,140		$	1,229
Additions charged to costs and expenses		74			(45	)		443
Warranty usage		(158	)		(133	)		(475	)
Currency translation		(94	)		(70	)		(57	)

Balance at December 31	$	714		$	892		$	1,140