Summary of Significant Accounting Policies and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2012

Reconciliation of Changes in Accrued Warranty Costs

The following is a reconciliation of the changes in accrued warranty costs for the reporting period:

	December 31,
	2012			2011
Balance at beginning of year	$	8,487		$	1,261
Assumed warranty from W.E.T. at acquisition		—			6,979
Warranty claims paid		(347	)		(81	)
Expense		215			551
Adjustment due to currency translation		233			(223	)
Balance at end of year	$	8,588		$	8,487

Reconciliation of Changes in Inventory Reserve

The following is a reconciliation of the changes in the inventory reserve (in thousands):

	December 31,
	2012			2011
Balance at beginning of year	$	1,127		$	572
Expense		1,307			532
Inventory write off		(215	)		(10	)
Adjustment due to currency translation		(34	)		33
Balance at end of year	$	2,185		$	1,127

Estimated Useful Lives of Property and Equipment

The estimated useful lives of the Company’s property and equipment are as follows:

Asset Category	Useful Life
Plant and Equipment	2 to 20 years
Computer equipment and software	1 to 10 years
Leasehold improvements	Shorter of estimated life or term of lease
Production tooling	Estimated life of tool (2 to 5 years)
Buildings	5 to 50 years
Capital Leases	Shorter of useful life or term of lease
Furniture, fixtures and fittings	1 to 15 years

Fair Value and Corresponding Useful Lives for Acquired Intangible Assets

The fair value and corresponding useful lives for acquired intangible assets were determined with the assistance of an independent third-party valuation firm and are listed below as follows:

Asset Category	Useful Life
Customer relationships	10-15 years
Order Backlog	0.5 years
Technology	8-9 years
Production Development Costs	4 years

Estimate of Total Intangible Asset Amortization

An estimate of total intangible asset amortization by year, including the aforementioned Johnson Control patents and those obtained through the acquisition of W.E.T., is as follows:

2013	15,917
2014	15,066
2015	13,618
2016	12,444
2017	11,296
Thereafter	27,363