Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Changes in the Company's allowance for doubtful accounts are as follows:



	Balance at beginning of year		Provision and reserve adjustments		Write-offs less recoveries			Reserve acquired			Balance at end of year
	(In thousands)
2013	$	488	$	78	$	(35	)	$	—		$	531
2012	$	298	$	138	$	(30	)	$	82	(a)	$	488
2011	$	441	$	91	$	(274	)	$	40	(b)	$	298

(a) The reserve increased $82,000 in 2012 related to the acquisition of Racine Federated Inc. Refer to Note 3 “Acquisitions” for a description of the acquisition.

(b) The reserve increased $40,000 in 2011 related to the acquisition of Remag AG. Refer to Note 3 “Acquisitions” for a description of the acquisition.

Obsolete inventories reserve

Changes to the Company's obsolete inventories reserve are as follows:



	Balance at beginning of year		Net additions charged to earnings		Disposals			Balance at end of year
	(In thousands)
2013	$	2,880	$	2,322	$	(966	)	$	4,236
2012	$	2,680	$	1,082	$	(882	)	$	2,880
2011	$	2,775	$	328	$	(423	)	$	2,680

Intangible Assets

The carrying value and accumulated amortization by major class of intangible assets are as follows:



	December 31, 2013				December 31, 2012
	Gross carrying amount		Accumulated amortization		Gross carrying amount		Accumulated amortization
	(In thousands)
Technologies	$	47,157	$	10,384	$	43,828	$	7,609
Non-compete agreements	1,932		1,048		1,932		862
Licenses	650		407		650		390
Customer lists	3,423		679		3,423		483
Customer relationships	11,690		2,218		11,500		1,054
Trade names	8,615		1,414		8,223		807
Total intangibles	$	73,467	$	16,150	$	69,556	$	11,205

Warranty and after-sale costs reserve

Changes in the Company's warranty and after-sale costs reserve are as follows:



	Balance at beginning of year		Net additions charged to earnings			Costs incurred and adjustments			Reserve acquired			Balance at end of year
	(In thousands)
2013	$	881	$	1,005		$	(1,068	)	$	64	(a)	$	882
2012	$	1,593	$	719		$	(1,431	)	$	—		$	881
2011	$	889	$	1,592	(b)	$	(888	)	$	—		$	1,593


(a)	The reserve increased $64,000 in 2013 related to the acquisition of Aquacue, Inc. Refer to Note 3 “Acquisitions” for a description of the acquisition.


(b)	Included in the 2011 increase in the reserve was $0.6 million related to a specific product issue.

Accumulated other comprehensive income (loss)

Components of accumulated other comprehensive loss at December 31 are as follows:



	Unrecognized pension and postretirement benefits			Foreign currency		Total
	(In thousands)
Balance at beginning of period	$	(15,532	)	$	1,584	$	(13,948	)
Other comprehensive income before reclassifications	5,116			172		5,288
Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.6) million	1,136			—		1,136
Net current period other comprehensive income, net	6,252			172		6,424
Accumulated other comprehensive (loss) income	$	(9,280	)	$	1,756	$	(7,524	)

Details of reclassifications out of accumulated other comprehensive loss during 2013 are as follows:



	Amount reclassified from accumulated other comprehensive loss
	(In thousands)
Amortization of employee benefit plan items:
Prior service cost (1)	$	161
Settlement expense (1)	806
Amortization of actuarial loss (1)	786
Total before tax	1,753
Income tax benefit	(617		)
Amount reclassified out of accumulated other comprehensive loss	$	1,136


(1)	These accumulated other comprehensive loss components are included in the computation of benefit plan costs in Note 7 “Employee Benefit Plans.”