Accrued Liabilities

27 Months Ended

Mar. 31, 2013

Accrued Liabilities

Note 6. Accrued Liabilities

Accrued liabilities as of March 31, 2013 and December 31, 2012 consisted of the following:

	March 31, 2013		December 31, 2012
Salaries, wages and related fringe benefits	$	53,866	$	53,328
Taxes		35,069		31,865
Advance payments on sales contracts		39,518		39,567
Product warranties		23,866		24,429
Other		53,752		61,483
Total accrued liabilities	$	206,071	$	210,672

A reconciliation of the changes in the accrued product warranty liability for the three-month periods ended March 31, 2013 and 2012 is as follows:

	Three Months Ended March 31,
	2013			2012
Balance at beginning of period	$	24,429		$	22,939
Product warranty accruals		5,097			6,828
Settlements		(5,230	)		(5,434	)
Effect of foreign currency translation		(430	)		339
Balance at end of period	$	23,866		$	24,672