XML 86 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Warranty Reserves
 6 Months Ended
Jun. 29, 2014
Product Warranties Disclosures [Abstract]  
Warranty Reserves
Warranty Reserves

The Company provides warranty protection for certain products usually for a period of one year beyond the date of sale. The majority of costs associated with warranty obligations include the replacement of parts and the time for service personnel to respond to repair and replacement requests. A warranty reserve is recorded based upon historical results, supplemented by management’s expectations of future costs. Warranty reserves are included in “Accrued expenses and other current liabilities” on the condensed consolidated balance sheets.
A summary of warranty reserve activity for the three and six months ended June 29, 2014 and June 30, 2013 is as follows:
 
Three Months Ended
 
Six Months Ended
 
June 29,
2014
 
June 30,
2013
 
June 29,
2014
 
June 30,
2013
 
(In thousands)
Balance beginning of period
$
10,357

 
$
10,827

 
$
10,534

 
$
11,003

Provision charged to income
4,332

 
4,173

 
8,409

 
8,513

Payments
(4,388
)
 
(3,843
)
 
(8,355
)
 
(8,667
)
Adjustments to previously provided warranties, net
471

 
(688
)
 
174

 
(323
)
Foreign currency translation and acquisitions
14

 
(18
)
 
24

 
(75
)
Balance end of period
$
10,786

 
$
10,451

 
$
10,786

 
$
10,451