Accrued Liabilities

9 Months Ended

Sep. 27, 2013

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Included within accrued liabilities were accruals related to restructuring and warranty expenses as of September 27, 2013 and December 31, 2012.

Restructuring Accrual

The Company has incurred expenses as a result of cost reduction efforts in recent years. The expenses primarily relate to employee termination benefits that are payable under local statutory requirements. In the three and nine months ended September 27, 2013 the Company incurred $0.8 million and $6.8 million in charges related to actions taken at various operations in Europe to permanently reduce manufacturing personnel as well as severance expenses resulting from the recent North America acquisitions and the closure of a North American manufacturing facility. Payments made in nine months ended September 27, 2013 were $3.3 million resulting in an accrual balance related to these actions of $3.9 million at September 27, 2013. The accrual balance related to these actions was immaterial at December 31, 2012. Other expenses related to routine employee reductions for cost savings initiatives throughout the globe, with the exception of the aforementioned severance plan, were immaterial.

Warranty Accrual

The warranty accrual balance at September 27, 2013 and December 31, 2012 was $11.8 million and $12.8 million, respectively. The Company accrues liabilities under service and warranty policies based upon specific claims and a review of historical warranty and service claims experience. Adjustments are made to the accruals as claims data and historical experience change. In addition, the Company incurs discretionary costs to service its products in connection with product performance issues.

Changes in the carrying amount of the service and product warranty accrual are below (in millions):

Balance, December 31, 2012	$	12.8
Net provisions for warranties issued	2.8
Net benefits for warranties existing at the beginning of the year	(3.4		)
Payments related to the warranty accrual	(0.7		)
Foreign currency translation	0.3
Balance, September 27, 2013	$	11.8