OTHER ACCRUED LIABILITIES

6 Months Ended

Jun. 30, 2018

Payables and Accruals [Abstract]

OTHER ACCRUED LIABILITIES

12. OTHER ACCRUED LIABILITIES

The following table presents the major components of Other Accrued Liabilities (in thousands):

	June 30,		December 31,
	2018		2017
Payroll and related taxes	$	27,061	$	27,840
Customer deposits		26,999		26,059
Warranty		21,041		20,132
Chassis converter pool agreements		14,641		18,326
Self-insurance		10,688		9,996
Accrued taxes		7,162		9,224
All other		14,960		17,333
	$	122,552	$	128,910

The following table presents the changes in the product warranty accrual included in Other Accrued Liabilities (in thousands):

	June 30,			June 30,
	2018			2017
Balance as of January 1	$	20,132		$	20,520
Provision for warranties issued in current year		3,580			2,792
(Recovery of) Provision for pre-existing warranties		-			(225	)
Payments		(2,671	)		(3,351	)
Balance as of June 30	$	21,041		$	19,736

The Company offers a limited warranty for its products with a coverage period that ranges between one and five years, except that the coverage period for DuraPlate® trailer panels is ten years. The Company passes through component manufacturers’ warranties to our customers. The Company’s policy is to accrue the estimated cost of warranty coverage at the time of the sale.