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Product Warranties
 6 Months Ended
Jul. 02, 2016
Product Warranties Disclosures [Abstract]  
Product Warranties
Product Warranties

The Corporation issues certain warranty policies on its office furniture and hearth products that provide for repair or replacement of any covered product or component that fails during normal use because of a defect in design or workmanship. Reserves have been established for the various costs associated with the Corporation's warranty programs.

A warranty reserve is determined by recording a specific reserve for known warranty issues and an additional reserve for unknown claims that are expected to be incurred based on historical claims experience.  Actual claims incurred could differ from the original estimates, requiring adjustments to the reserve.  Activity associated with warranty obligations was as follows during the periods noted:
(In thousands)
 
July 2, 2016
 
July 4, 2015

Balance at beginning of period
 
$
16,227

 
$
16,719

Accruals for warranties issued during period
 
10,159

 
10,535

Adjustments related to pre-existing warranties
 
276

 
349

Settlements made during the period
 
(10,586
)
 
(11,139
)
Balance at end of period
 
$
16,076

 
$
16,464



The portion of the reserve for estimated settlements expected to be paid in the next twelve months was $7.9 million and $8.2 million as of July 2, 2016 and January 2, 2016, respectively, and is included in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets. The portion of the reserve for settlements expected to be paid beyond one year was $8.1 million and $8.0 million as of July 2, 2016 and January 2, 2016, respectively, and is included in "Other Long-Term Liabilities" in the Condensed Consolidated Balance Sheets.