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WARRANTIES (Tables)
6 Months Ended
Jun. 30, 2013
WARRANTIES  
Schedule of reconciliation of changes in product warranty accrual

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(in thousands)

 

(in thousands)

 

Balance at the beginning of period

 

$

3,094

 

$

3,432

 

$

3,432

 

$

3,800

 

Warranties issued

 

707

 

832

 

1,395

 

1,494

 

Warranty settlement costs

 

(706

)

(481

)

(1,328

)

(1,274

)

Changes in accruals for pre-existing warranties

 

(183

)

(207

)

(470

)

(551

)

Other adjustments (1)

 

331

 

 

331

 

 

Currency translation adjustment

 

6

 

(99

)

(111

)

8

 

Balance at the end of period

 

$

3,249

 

$

3,477

 

$

3,249

 

$

3,477

 

 

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