XML 65 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Product Warranties
 12 Months Ended
Dec. 31, 2014
Product Warranties [Abstract]  
Product Warranties

Note 17 – Product Warranties

The Company provides product warranties in conjunction with certain product sales. Generally, sales are accompanied by a 1- to 5-year standard warranty. These warranties cover factors such as non-conformance to specifications and defects in material and workmanship.

Estimated standard warranty costs are recorded in the period in which the related product sales occur. The warranty liability recorded at each balance sheet date in other current liabilities reflects the estimated number of months of warranty coverage outstanding for products delivered times the average of historical monthly warranty payments, as well as additional amounts for certain major warranty issues that exceed a normal claims level.

The following table summarizes product warranty activity recorded for years ended December 31, 2014, 2013 and 2012:

 
 
Year Ended December 31,
 
(In thousands)
 
2014
  
2013
  
2012
 
Balance—beginning of period
 
$
301
  
$
294
  
$
797
 
Provision for new warranties
  
66
   
249
   
568
 
Payments
  
(117
)
  
(258
)
  
(1,071
)
Sale of certain assets and liabilities
  
(8
)
  
16
   
—
 
Balance—end of period
 
$
242
  
$
301
  
$
294