NOTE 5: Accrued Liabilities

Accrued liabilities at the end of fiscal 2013 and 2012 consisted of the following:


In Thousands	2013		2012

Payroll and other compensation	$	119,677	$	128,269
Commissions		4,786		5,776
Casualty and medical		13,738		12,971
Interest		6,707		7,091
Warranties		19,372		21,870
State and other tax accruals		6,536		6,136
Customer deposits		21,500		18,193
Deferred revenue		15,888		30,707
Contract reserves		12,737		12,553
Forward foreign exchange contracts		7,645		2,375
Litigation reserves		10,266		1,163
Environmental reserves		810		3,119
Rent and future lease obligations		1,357		2,258
Other		12,542		17,072

	$	253,561	$	269,553

Accrued liabilities are recorded to reflect the Company’s contractual obligations relating to warranty commitments to customers. Warranty coverage of various lengths and terms is provided to customers depending on standard offerings and negotiated contractual agreements. An estimate for warranty expense is recorded at the time of sale based on the length of the warranty and historical warranty return rates and repair costs.

Changes in the carrying amount of accrued product warranty costs are summarized as follows:


In Thousands	2013			2012

Balance, beginning of year	$	21,870		$	19,298
Warranty costs incurred		(4,912	)		(2,752	)
Product warranty accrual		7,380			8,471
Release of reserves		(4,555	)		(2,967	)
Foreign currency translation adjustment		(411	)		(180	)

Balance, end of year	$	19,372		$	21,870