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Other Current Liabilities
12 Months Ended
Dec. 31, 2017
Other Liabilities Disclosure [Abstract]  
Other Current Liabilities

NOTE 7 – OTHER CURRENT LIABILITIES:

 

 

 

2017

 

 

2016

 

Customer-related liabilities

 

$

18,512

 

 

$

21,564

 

Accrued interest payable

 

 

2,697

 

 

 

2,274

 

Accrued sales commissions

 

 

2,301

 

 

 

1,693

 

Other

 

 

13,579

 

 

 

16,666

 

Other current liabilities

 

$

37,089

 

 

$

42,197

 

 

Customer-related liabilities include liabilities for product warranty claims and deposits received on future orders. The following summarizes changes in the liability for product warranty claims for the year ended December 31:

 

 

 

2017

 

 

2016

 

 

2015

 

Balance at the beginning of the year

 

$

11,521

 

 

$

6,358

 

 

$

6,672

 

Acquisitions – opening balance sheet liability for warranty

   claims

 

 

0

 

 

 

7,130

 

 

 

0

 

Satisfaction of warranty claims

 

 

(4,014

)

 

 

(4,297

)

 

 

(2,452

)

Provision for warranty claims

 

 

3,601

 

 

 

3,282

 

 

 

2,293

 

Other, primarily impact from changes in foreign currency

   exchange rates

 

 

594

 

 

 

(952

)

 

 

(155

)

Balance at the end of the year

 

$

11,702

 

 

$

11,521

 

 

$

6,358