Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2017

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



	Fair Value Measurements as of June 30, 2017
Asset (Liability)	Total			Level 1			Level 2			Level 3
Non-qualified deferred compensation assets	$	50,556		$	50,556		—			—
Total assets at fair value	$	50,556		$	50,556		—			—
Non-qualified deferred compensation liabilities	(50,556		)	$	(50,556	)	—			—
Foreign exchange contracts, net	(1,428		)	—			$	(1,428	)	—
Total liabilities at fair value	$	(51,984	)	$	(50,556	)	$	(1,428	)	—

	Fair Value Measurements as of December 31, 2016
Asset (Liability)	Total			Level 1			Level 2			Level 3
Non-qualified deferred compensation assets	$	49,330		$	49,330		—			—
Foreign exchange contracts, net	298			—			$	298		—
Total assets at fair value	$	49,628		$	49,330		$	298		—
Non-qualified deferred compensation liabilities	(49,330		)	$	(49,330	)	—			—
Total liabilities at fair value	$	(49,330	)	$	(49,330	)	$	—		—

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



	June 30, 2017			December 31, 2016
Raw materials and purchased components	$	147,673		$	141,566
Service parts, garments and accessories	318,378			316,383
Finished goods	411,383			333,760
Less: reserves	(61,444		)	(45,175		)
Inventories	$	815,990		$	746,534

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,
	2017			2016			2017			2016
Balance at beginning of period	$	109,852		$	67,207		$	119,274		$	56,474
Additions to warranty reserve through acquisitions	—			42			—			147
Additions charged to expense	30,122			38,358			61,816			67,531
Warranty claims paid, net	(31,571		)	(28,734		)	(72,687		)	(47,279		)
Balance at end of period	$	108,403		$	76,873		$	108,403		$	76,873