Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):



	Fair Value Measurements as of June 30, 2016
Asset (Liability)	Total			Level 1			Level 2			Level 3
Non-qualified deferred compensation assets	$	49,560		$	49,560		—			—
Total assets at fair value	$	49,560		$	49,560		—			—
Foreign exchange contracts, net	$	(8,791	)	—			$	(8,791	)	—
Non-qualified deferred compensation liabilities	(49,560		)	$	(49,560	)	—			—
Total liabilities at fair value	$	(58,351	)	$	(49,560	)	$	(8,791	)	—

	Fair Value Measurements as of December 31, 2015
Asset (Liability)	Total			Level 1			Level 2			Level 3
Non-qualified deferred compensation assets	$	48,238		$	48,238		—			—
Foreign exchange contracts, net	2,767			—			$	2,767		—
Interest rate swap contracts	186			—			186			—
Total assets at fair value	$	51,191		$	48,238		$	2,953		—
Commodity contracts, net	$	(354	)	—			$	(354	)	—
Non-qualified deferred compensation liabilities	(48,238		)	$	(48,238	)	—			—
Total liabilities at fair value	$	(48,592	)	$	(48,238	)	$	(354	)	—

The major components of inventories are as follows (in thousands):



	June 30, 2016			December 31, 2015
Raw materials and purchased components	$	160,457		$	167,569
Service parts, garments and accessories	186,847			189,731
Finished goods	394,517			388,970
Less: reserves	(49,549		)	(36,269		)
Inventories	$	692,272		$	710,001

The activity in the warranty reserve during the periods presented was as follows (in thousands):



	Three months ended June 30,						Six months ended June 30,
	2016			2015			2016			2015
Balance at beginning of period	$	67,207		$	48,634		$	56,474		$	53,104
Additions to warranty reserve through acquisitions	42			150			147			200
Additions charged to expense	38,358			14,646			67,531			28,565
Warranty claims paid	(28,734		)	(18,331		)	(47,279		)	(36,770		)
Balance at end of period	$	76,873		$	45,099		$	76,873		$	45,099