Warranty Liability

6 Months Ended

Jul. 02, 2011

Warranty Liability

Warranty Liability

10. Warranty Liability

 

The Company provides a limited warranty for a variety of its products. The specific terms and conditions of the warranties vary depending upon the specific products and markets. The Company records a liability at the time of sale for the estimated costs to be incurred under warranties, which is included in other current liabilities on the consolidated balance sheets. The amount of this liability is based upon historical, as well as expected, experience. The warranty liability is periodically reviewed for adequacy and adjusted as necessary. Following is a summary of the activity for the periods presented related to the Company's liability for limited warranties (in thousands):

	Three Months Ended		Six Months Ended
	July 2	July 3	July 2	July 3
	2011	2010	2011	2010
Balance at beginning of the period	$            4,424	4,510	4,205	4,085
Accruals for warranties issued during the period	966	849	1,921	2,056
Settlements made during the period	(848)	(835)	(1,584)	(1,617)
Balance at end of period	$            4,542	4,524	4,542	4,524