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Commitments And Contingencies
6 Months Ended
Jun. 30, 2015
Commitments And Contingencies [Abstract]  
Commitments And Contingencies

Note 14 – Commitments and contingencies  

  

We offer a one-year limited warranty on most hardware products which is included in the terms of sale of such products. We also offer optional two, three and five year warranties on our hardware products. Provision is made for estimated future warranty costs at the time of the sale for the estimated costs that may be incurred under the standard limited warranty. Our estimate is based on historical experience and product sales during the period.  

  

The warranty reserve for the six month periods ended June 30, 2015 and 2014 was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30,

(In thousands)

 

(Unaudited)

 

 

2015

 

2014

Balance at the beginning of the period

$

1,885 

$

1,764 

Accruals for warranties issued during the period

 

2,523 

 

3,225 

Settlements made (in cash or in kind) during the period

 

(2,689)

 

(3,119)

Balance at the end of the period

$

1,719 

$

1,870 

  

As of June 30, 2015, we had non-cancelable purchase commitments with various suppliers of customized inventory and inventory components totaling approximately $7 million over the next twelve months.  

 

As of June 30, 2015, we had outstanding guarantees for payment of customs and foreign grants totaling approximately $4.0 million, which are generally payable over the next twelve months.