NOTE 5: Accrued Liabilities

Accrued liabilities at the end of fiscal 2014 and 2013 consisted of the following:

In Thousands	2014		2013

Payroll and other compensation	$	123,317	$	119,677
Commissions		5,014		4,786
Casualty and medical		14,027		13,738
Interest		7,006		6,707
Warranties		16,243		19,372
State and other tax accruals		6,811		6,536
Customer deposits		19,624		21,500
Deferred revenue		23,522		15,888
Contract reserves		11,260		12,737
Forward foreign exchange contracts		15,505		7,645
Litigation reserves		5,534		10,266
Environmental reserves		650		810
Rent and future lease obligations		1,251		1,357
Other		12,772		12,542
	$	262,536	$	253,561

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	2014			2013

Balance, beginning of year	$	19,372		$	21,870
Warranty costs incurred		(3,074	)		(4,912	)
Reclassification to liabilities held for sale		(858	)		-
Product warranty accrual		8,185			7,380
Release of reserves		(6,371	)		(4,555	)
Foreign currency translation adjustment		(1,011	)		(411	)
Balance, end of year	$	16,243		$	19,372