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Product Warranties
9 Months Ended
Sep. 30, 2017
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 anticipated future 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 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 (in thousands):
 
 
Nine Months Ended
 
 
September 30,
2017
 
October 1,
2016
Balance at beginning of period
 
$
15,250

 
$
16,227

Accruals for warranties issued during period
 
15,197

 
14,762

Adjustments related to pre-existing warranties
 
(298
)
 
359

Settlements made during the period
 
(15,424
)
 
(15,379
)
Balance at end of period
 
$
14,725

 
$
15,969



The current and long-term portions of the reserve for estimated settlements are included under "Accounts payable and accrued expenses" and "Other Long-Term Liabilities", respectively, in the Condensed Consolidated Balance Sheets. The following table summarizes when these estimated settlements are expected to be paid (in thousands):
 
September 30,
2017
 
December 31,
2016
Current - in the next twelve months
$
8,958

 
$
6,975

Long-term - beyond one year
5,767

 
8,275

 
$
14,725

 
$
15,250