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Warranty Contracts
 12 Months Ended
Dec. 31, 2015
Warranty Contracts [Abstract]  
Warranty Contracts

Note 16 Warranty Contracts

 

The Company provides product warranties for up to one year, or longer if required by applicable laws or regulations, as part of sales transactions for certain of its printers. Warranty revenue is recognized ratably over the term of the warranties, which is the period during which the related costs are incurred. This warranty provides the customer with maintenance on the equipment during the warranty period and provides for certain repair, labor and replacement parts that may be required. In connection with this activity, the Company recognized warranty revenue and incurred warranty costs as shown in the table below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warranty Revenue Recognition:

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Beginning Balance Deferred Warranty Revenue

 

Warranty Revenue Deferred

 

Warranty Revenue Recognized

 

Ending Balance Deferred Warranty Revenue

Year Ended December 31,

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

$

 11,914 

 

$

 16,191 

 

$

 (16,600)

 

$

 11,505 

2014

 

 

 9,141 

 

 

 17,185 

 

 

 (14,412)

 

 

 11,914 

2013

 

 

 4,081 

 

 

 14,681 

 

 

 (9,621)

 

 

 9,141 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warranty Costs Incurred:

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

Materials

 

Labor and Overhead

 

Total

Year Ended December 31,

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

$

 6,202 

 

$

 6,134 

 

$

 12,336 

2014

 

 

 

 

 

 5,958 

 

 

 6,662 

 

 

 12,620 

2013

 

 

 

 

 

 4,441 

 

 

 4,821 

 

 

 9,262