XML 65 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Product Warranty Costs
 9 Months Ended
Sep. 27, 2014
Standard Product Warranty Disclosure [Abstract]  
Product Warranty Costs
Product Warranty Costs
Consistent with industry practice, the Company provides homeowners with limited warranties on certain products, primarily related to window and siding product categories.
Changes in the warranty reserve are as follows (in thousands):
 
Quarters Ended
 
Nine Months Ended
 
September 27,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
Balance at the beginning of the period
$
92,891

 
$
96,385

 
$
93,207

 
$
97,471

Provision for warranties issued and changes in estimates for pre-existing warranties
2,104

 
1,785

 
4,930

 
5,155

Claims paid
(1,885
)
 
(1,967
)
 
(5,073
)
 
(5,725
)
Foreign currency translation
(537
)
 
261

 
(491
)
 
(437
)
Balance at the end of the period
$
92,573

 
$
96,464

 
$
92,573

 
$
96,464


On February 13, 2013, the Company entered into a Settlement Agreement and Release of Claims (the “Settlement”) for a class action lawsuit filed by plaintiffs and a putative nationwide class of homeowners regarding certain warranty-related claims for steel and aluminum siding, which became effective on September 2, 2013. The Company expects to incur additional warranty costs associated with the Settlement; however, the Company does not believe the incremental costs, which currently cannot be estimated for recognition purposes, have been or will be material.