Accrued Liabilities

6 Months Ended

Jun. 30, 2012

Accrued Liabilities

Note 6. Accrued Liabilities

Accrued liabilities as of June 30, 2012 and December 31, 2011 consisted of the following:

	June 30, 2012		December 31, 2011
Salaries, wages and related fringe benefits	$	60,329	$	59,080
Taxes		24,950		34,891
Advance payments on sales contracts		43,718		40,689
Product warranties		24,606		22,939
Other		48,072		55,949
Total accrued liabilities	$	201,675	$	213,548

A reconciliation of the changes in the accrued product warranty liability for the three and six-month periods ended June 30, 2012 and 2011 is as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Balance at beginning of period	$	24,672		$	21,033		$	22,939		$	19,100
Product warranty accruals		5,755			8,234			12,583			14,966
Settlements		(5,278	)		(5,964	)		(10,712	)		(11,272	)
Effect of foreign currency translation		(543	)		228			(204	)		737
Balance at end of period	$	24,606		$	23,531		$	24,606		$	23,531