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WARRANTIES
 6 Months Ended
Jun. 30, 2014
Product Warranties Disclosures [Abstract]  
WARRANTIES
WARRANTIES
 
A reconciliation of the changes in the product warranty accrual, which is included in accrued expenses, is as follows (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2014
 
2013
 
2014
 
2013
Balance at the beginning of period
$
3,403

 
$
3,094

 
$
3,601

 
$
3,432

Warranties issued
613

 
707

 
1,212

 
1,395

Warranty settlement costs
(512
)
 
(706
)
 
(1,132
)
 
(1,328
)
Changes in accruals for pre-existing warranties
(105
)
 
(183
)
 
(284
)
 
(470
)
Other adjustments(1)
—

 
331

 
—

 
331

Currency translation adjustments
10

 
6

 
12

 
(111
)
Balance at the end of period
$
3,409

 
$
3,249

 
$
3,409

 
$
3,249

____________________
(1) 
Represents the warranty liabilities assumed in connection with the Forkardt acquisition. Refer to Note 2. "Acquisition" for details.