The Company offers its customers warranties on products sold based on product type and application. Management reviews and adjusts the warranty accrual based on estimated warranty repair costs and rates of return. Actual repair costs are charged against the reserve. A tabular presentation of the activity within the warranty accrual account for the three months ended April 1, 2012 and April 3, 2011 is presented below, (in millions):

	April 1, 2012			April 3, 2011

Beginning balance	$	31.4		$	21.4
Charges and costs accrued		6.1			3.2
Adjustments related to pre-existing warranties (including changes in estimates)		2.5			—
Less repair costs incurred		(5.2	)		(0.8	)
Change due to foreign currency		0.8			1.1

Ending balance	$	35.6		$	24.9

The Company offers its renewable energy customers extended warranty contracts with terms between five and ten years after the base warranty period expires and accounts for such warranty contracts in accordance with ASC 605-20-25. Deferred revenue related to such extended warranty contracts was $21.5 million and $18.9 million, as of April 1, 2012 and January 1, 2012, respectively, and was included as part of deferred revenue in the consolidated condensed balance sheets.