ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2011

Accrued Liabilities Current Abstract

Accrued Expenses And Other Current Liabilities [Text Block]

9.       ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses consist of the following as of December 31:

(In thousands)	2011		2010
Accrued compensation	$	65,983	$	67,249
Accrued commissions		9,122		7,568
Accrued interest		4,282		3,231
Accrued taxes other than income taxes		4,088		2,163
Accrued insurance		5,817		5,108
Other		15,904		14,647
Total accrued expenses	$	105,196	$	99,966

Other current liabilities consist of the following as of December 31:

(In thousands)	2011		2010
Warranty reserves	$	16,076	$	14,841
Litigation reserves		10,335		10,633
Additional amounts due to sellers on acquisitions		4,983		5,582
Reserves on loss contracts		2,488		1,736
Deferred tax liability		2,278		2,640
Pension and other postretirement liabilities		2,670		2,487
Environmental reserves		1,443		1,659
Other		2,703		2,732
Total other current liabilities	$	42,976	$	42,310

The accrued expenses and other current liabilities at December 31, 2011 included $4.5 million and $4.2million, respectively, related to the Corporation's 2011 acquisitions.

The Corporation provides its customers with warranties on certain commercial and governmental products. Estimated warranty costs are charged to expense in the period the related revenue is recognized based on the terms of the product warranty, the related estimated costs, and quantitative historical claims experience. These estimates are adjusted in the period in which actual results are finalized or additional information is obtained. The following table presents the changes in the Corporation's warranty reserves:

(In thousands)	2011		2010
Warranty reserves at January 1,	$	14,841	$	13,479
Provision for current year sales		10,499		7,838
Current year claims		(7,615)		(5,140)
Change in estimates to pre-existing warranties		(1,825)		(1,514)
Increase due to acquisitions		221		25
Foreign currency translation adjustment		(45)		153
Warranty reserves at December 31,	$	16,076	$	14,841