ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2012

Accrued Liabilities, Current [Abstract]

Accrued Expenses And Other Current Liabilities [Text Block]

11.ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses consist of the following as of December 31:

(In thousands)	2012		2011
Accrued compensation	$	73,643	$	65,983
Accrued commissions		11,344		9,122
Accrued interest		4,994		4,282
Accrued taxes other than income taxes		3,109		4,088
Accrued insurance		6,062		5,817
Other		31,915		15,904
Total accrued expenses	$	131,067	$	105,196

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

(In thousands)	2012		2011
Warranty reserves	$	18,169	$	16,076
Litigation reserves		2,001		10,335
Additional amounts due to sellers on acquisitions		8,275		4,983
Reserves on loss contracts		3,152		3,469
Deferred tax liability		1,759		2,278
Pension and other postretirement liabilities		4,164		2,670
Environmental reserves		1,493		1,443
Other		4,201		2,703
Total other current liabilities	$	43,214	$	43,957

The accrued expenses and other current liabilities at December 31, 2012 included $12.8 million and $5.1million, respectively, related to the Corporation's 2012 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)	2012		2011
Warranty reserves at January 1,	$	16,076	$	14,841
Provision for current year sales		8,437		10,499
Current year claims		(4,649)		(7,615)
Change in estimates to pre-existing warranties		(3,168)		(1,825)
Increase due to acquisitions		1,743		221
Foreign currency translation adjustment		(270)		(45)
Warranty reserves at December 31,	$	18,169	$	16,076