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WARRANTIES
 12 Months Ended
Dec. 31, 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):
 
December 31,
 
2014
 
2013
Balance at beginning of year
$
3,449

 
$
3,432

Warranties issued
2,477

 
2,992

Warranty settlement costs
(2,219
)
 
(2,514
)
Changes in accruals for pre-existing warranties
(161
)
 
(671
)
Other adjustments(1)
600

 
179

Currency translation adjustments
(255
)
 
31

Balance at end of year
$
3,891

 
$
3,449

____________________
(1) 
Represents the warranty liabilities assumed in connection with the Voumard acquisition in 2014 and the Forkardt acquisition in 2013. Refer to Note 2. "Acquisitions" for details.