Product Warranty Costs (Tables)

3 Months Ended

Apr. 04, 2015

Standard Product Warranty Disclosure [Abstract]

Reconciliation of product warranty reserve

Changes in the warranty reserve are as follows (in thousands):

	Quarters Ended
	April 4, 2015			March 29, 2014
Balance at the beginning of the period	$	89,940		$	93,207
Provision for warranties issued and changes in estimates for pre-existing warranties	1,250			1,279
Claims paid	(1,328		)	(1,460		)
Foreign currency translation	(616		)	(388		)
Balance at the end of the period	$	89,246		$	92,638

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.